USD/CAD Loonie Soars As Oil Rebounds

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 22, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The USD/CAD lost 1.52 percent in the last 24 hours. The recovery of the price of oil boosted the loonie versus the dollar. The move is not considered to be a permanent trend as downside risks remain for both the Canadian currency and crude as oversupply is still a major[​IMG]

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