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USD/CAD Loonie Flies Higher After Oil and Gold Rally

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Nov 25, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    Geopolitical tension triggered a surge in crude prices after Turkey confirmed it had shot down a Russian warplane that it alleged was entering Turkish airspace and refused to communicate. The USD/CAD depreciated as the Loonie was supported by the higher price of crude. The USD depreciated 0.521 versus the CAD[​IMG]

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