USD/CAD remains steady above 1.2800 amid falling oil prices By christianborjon USDCAD Majors Sentiment Oil
Covid-19 worries ease, as studies have shown that leads to milder symptoms that could be treated outside the hospital.USD/CAD
In the meantime, the US crude oil benchmark, WTI, retreats from $77.20 monthly highs down to $75.72, a headwind for the commodity-oil-linked Canadian dollar. prices, which caused an uptick of 30-pips in the pair, despite broad US dollar weakness across the board. Further, the US Dollar Index, which measures the greenback’s performance against a basket of six currencies, slides down to 95.98, for a 0.24% loss.
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