The USDCAD has bounced off the 1.3280 level and will likely need to see oil over $65 USD before it breaks this level. Even though oil prices have moved 42% higher since December, the USDCAD has moved less than 5%, leaving traders scratching their heads. This disconnect is due to prospects of a softer economy, and the potential for a housing market correction, both of which have yet to materialize.
Currently Close Range
USDCAD 1.3321 1.3314 1.3284-1.3329
EURCAD 1.5025 1.4996 1.4972-1.5033
GBPCAD 1.7370 1.7388 1.7339-1.7449
US: Job Openings & Labour Turnover February 7.581M 7.087M