Free Trial

Rate pulls off the day's C$1.3268.....>

DOLLAR-CANADA
DOLLAR-CANADA: Rate pulls off the day's C$1.3268 highs as oil rallies relatively
firmly across the board: OPEC governor from Saudi Arabia stated that there will
still be substantial stock draws in Q3 due to robust seasonal demand, adding
that Saudi Arabia do not wish to see an oversupplied market. WTI oil trades
higher by 1.5% at pixel, trading at $69.79/bbl. Support kicks in at C$1.3227,
the 38.2% retracement of the day's price action ahead of the 21-dma at C$1.3191.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.