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USD/CAD Loonie Sinks To 13 Year Low As Oil Drops Below $30

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 13, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The USD/CAD touched multi-year highs (1.4316) as the price of oil continues to tumble as supply is far outstripping demand around the globe. The loonie was last at the 70 cent level in 2003. The currency showed some resilience after the crisis of 2008, but that was aided by firm[​IMG]

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