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USDCAD generally unchanged, oil drops slightly

By MoneyWay | Jul 15, 2019

Oil skidded below $60 a barrel as tropical storm Barry that shut almost three-fourths of U.S. Gulf of Mexico production moved inland while concerns lingered about demand growth.

Chinese government data, meanwhile, indicated the world’s second-largest economy slowed to a three-decade low in the second quarter amid a prolonged trade dispute with the U.S.

Canada’s Consumer Price Index is out on Wednesday, the consensus is calling for a 2% per annum increase.

Currently             Close                     Range

USDCAD               1.3035                   1.3028                   1.3021-1.3051

EURCAD               1.4677                   1.4683                   1.4670-1.4699

GBPCAD               1.6320                   1.6379                   1.6312-1.6392

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