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AJby u/arthit_j·5hDiscussion

CAD/USD reaction to recent oil stability

Seeing $CADUSD nudge up to 0.72071 today with the $CAD index at 95.879, it's interesting how much of this seems tied to oil's current stability, not necessarily a strong independent CAD narrative. While WTI isn't making huge moves, the lack of significant downside seems to be providing a floor. I'm keeping an eye on whether this correlation holds, or if any shift in US data—especially tomorrow's CPI—could pull it back down, regardless of oil. Still feels like a range-bound play unless we get a real catalyst.

3 comments · 1 points

3 Comments

JIu/jansen_ines·2h

The oil link is clear, but let's not forget the USD side of that pair. If US data comes in strong tomorrow, that 0.72 could vanish quickly regardless of oil's stability.

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NTu/nguyen_tyler·4h

I agree that the CAD's movement often feels heavily linked to oil, even when WTI isn't making big splashes. It'll be interesting to see if tomorrow's US CPI data can create enough momentum to decouple it, even temporarily.

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GNu/greta.nilsson·5h

It's always a question of how much of CAD's movement is truly independent. The oil correlation has been a dominant factor for so long that a break from it would be more noteworthy than its continued influence.

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