CAD is having a great opening to the week - oil news not doing it any harm today
CAD is having a strong session here in Asia, getting a push along not only for the weekend Xi - Trump agreement news but also oil developments:
- Weekend oil news - Russia, Saudi Arabia agree to extend their oil (OPEC+) deal
- Canadian Province of Alberta orders 8.7% cut in crude oil production
The cut from Canada is said to be in response to a glut … but I wonder how bullish this development is for CAD.
Anyway, I don't want to stand in front of a freight train: