I wanted to update on oil and CAD

Both are lower.

But while I'm at it, EUR is higher as is Yen.

USD/JPY likely very much related to US politics concerns. EUR perhaps too in a roundabout fashion. Since Macron's victory in France the mood is political risk is shifting away from Europe (I'd add a caveat to this, hello Italy) to US developments.

OK, back to CAD. Oil had a losing day in the US, and the losses extended on the inventory report earlier: Private oil inventory data out - oil price drops (a surprise build in crude stocks).

With oil losing CAD has been sent to the naughty corner .... USD/CAD is up 30+ points from US session lows.



Oh, and isn't it nice we are getting some movement in Asia? Vote #1 Trump, that's my motto! :-D