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CAD up on higher oil; JOLTS survey, Japan machinery orders

Exclusive Capital Ltd.

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Market Recap

CAD finally caught on to the recent rise in oil prices to a five-month high and USD/CAD moved notably lower. Oil has been gaining on fighting in Libya, where the Tripoli airport was bombed. Libya produced a substantial 1.1mn b/d last month. News that Trump was liable to designate Iran’s Revolutionary Guard as a terrorist group, which would make it more difficult for countries to deal with Iran, also hurt the supply picture.

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Source: https://www.exclusivecapital.com/cad-up-on-higher-oil-jolts-survey-japan-machinery-orders/
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