Daily Market Updates: Canadian Dollar finds support in firmer Oil as traders look to inflation data

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Canadian Dollar finds support in firmer Oil as traders look to inflation data

Reported · FXStreet source summary · Major Pairs

USD/CAD pauses a three-day winning streak on Friday as a rebound in Oil prices helps the Canadian Dollar (CAD) outperform its major peers. The pair’s downside remains cushioned by a broadly stronger US Dollar (USD), supported by an increasingly hawkish Federal Reserve (Fed) outlook.

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FXStreetCanadian Dollar finds support in firmer Oil as traders look to inflation data

Forex

Canadian Dollar finds support in firmer Oil as traders look to inflation data

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