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Canadian Dollar Falls as Price of Oil Decline

posted by nancypants 44 days ago in USD, CAD, Oil made popular 44 days ago

Canada's dollar fell for a third day, its longest losing streak in almost a month, after the price of crude oil dropped.

posted by DannyBly 43 days ago

If we begin to see that we have a top in place in crude oil this will continue to put pressure on the CAD moving forward. Additionally the technical outlook for USD/CAD is becoming bullish - for example the 50 and 200 period SMA crossover on the daily suggest a possible long term trend change.

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