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USD/CAD shows signs of a bottom as oil slips

Discussion in 'Market News' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    USD/CAD up 97-pips to 1.4045 USD/CAD is challenging the earlier high at 1.4040 as oil prices fall to fresh lows. In an unusual divergence, USD/CAD slid yesterday despite a 6% drop in oil prices. There was chatter about leveraged selling in the pair to start the month.

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