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Watching CAD with oil's dip – a bit perplexing, no?
Oil pulling back again, yet $CADUSD is holding fairly steady around 0.7115. Usually, you'd expect a bit more give from the Loonie. Makes me wonder if the market is just shrugging off the daily noise for a broader narrative, or if there's a lagged reaction still to come.
1 comments · 5 points
Could be the rate differential supporting CAD, or perhaps the market's looking past short-term oil swings to the long-term supply picture. Either way, expecting a direct correlation these days can be tricky.