USDCAD posts fresh 13-year highs in a volatile session

Discussion in 'Market News' started by ForexLive, Jan 12, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USDCAD has seen some rapid two-way action High post of 1.4269 in a rush from 1.4235 after dipping on earlier talk of an emergency OPEC meeting. Currently 1.4254 after falling back into 1.4240 but oil price has on a steady ride higher since that OPEC talks albeit capping now so we must assume these latest moves are flow rather than oil based. Anticipation of further CAD and oil price weakness.

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