USD/CAD slides towards 1.3700 as Oil rebounds, US Dollar struggles amid mixed mood – by anilpanchal7 USDCAD Oil Inflation GDP RiskAversion
snaps two-day rebound as it retreats to 103.00 after Minneapolis Fed President Neel Kashkari flags fears of US recession. Also weighing on the greenback could be the US Treasury bond yields’ failure to regain upside momentum.
On the other hand, WTI crude oil rises half a percent intraday to near $69.70 while printing the first daily gains in three. The black gold’s latest gains could be linked to the cautious optimism in the market, as well as the headlines suggesting Russia’s shifting of nuclear weapons near Belarus.
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