2
CAD weakness despite decent oil print
Interesting to see $CADUSD at 0.72142, barely holding a gain, while oil is showing some resilience. Makes me wonder if the market is just digesting the latest employment numbers, or if there's a deeper structural issue keeping the CAD from making any significant moves. Definitely keeping an eye on whether it can hold above the 0.72 mark.
1 comments · 2 points
Yeah, it's a bit of a head-scratcher. I'm wondering if the recent BOC statements about potential rate cuts are still weighing more heavily than the oil strength right now. Always feels like the market looks ahead.