USD/CAD at the lows of the day
USD/CAD hit a six-week high yesterday but it's turned around in a hurry today -- like a bunch of currencies.
The main driver is US dollar weakness and a reverse of some of yesterday's month-end flows but oil has helped it break below 1.3080. Crude is now back to flat on the day at $65.30 from a low of $64.65.
On the USD/CAD chart, you need to get down to 1.3000 to really generate any momentum but this reversal is a nice start.
