Free Trial

USDCAD Ignores Oil Slide, Zelensky

CANADA
  • USDCAD sits 13pips off recent session lows of 1.2804 despite oil sliding ~5% since then, as the decoupling between the two continues.
  • USDCAD earlier unwound yesterday's gains (-0.5% on the day) as Russia-Ukraine de-escalation saw risk-sensitive currencies firm, but there has been little reaction to more recent headlines that Zelensky is prepared for certain compromises if the other side also compromises whilst seeking a meeting with Putin.
  • The pair remains at the high end of the post-invasion range ahead of US CPI tomorrow.

Source: Bloomberg

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.