USDCAD today's top may be in
USD is growing due to geopolitical tensions and war. Investors still perceive US dollar as safe haven currency.
CAD highly correlates to oil that is also growing due to tensions and war. This makes me think that today's growth may have been not exactly rational as Europe may need to start searching for new oil suppliers.
I am going to attempt this short.
CAD highly correlates to oil that is also growing due to tensions and war. This makes me think that today's growth may have been not exactly rational as Europe may need to start searching for new oil suppliers.
I am going to attempt this short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.