USD/CAD pares the biggest daily loss in two weeks above 1.3700 as US dollar rebounds, crude oil drops – by anilpanchal7 USDCAD RiskAppetite Oil DollarIndex Fed
by major central banks. Also exerting downside pressure on the Loonie pair during Tuesday’s Asian session could be the hawkish Fed bets and the softer oil prices, Canada’s key export item.
Elsewhere, talks that the White House is up for releasing oil from the US Strategic Petroleum Reserve seem to weigh on the WTI. With this, the black gold prints 0.40% intraday losses around $84.40 by the press time.
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