Oil Prices and Inflation

Seeing $FFR fluctuate around 36.88, I can't help but think the market is still struggling to make sense of interest rates and inflation. And oil is the main culprit. Sometimes we forget that what we see today, tomorrow it might become a new inflation driver, giving central banks another headache.

Personally, I think even though $EURCAD went to 1.60788, that's just a number on the screen. What's hidden behind it is the Demand/Supply, which is much more complex than meets the eye. Those trading oil right now should hold on tight. The market is ready to swing at any moment.