USD/CAD up 54 pips to 1.3075
USD/CAD rose above the earlier European high of 1.3072 in a quick move as oil, gasoline and broader commodities come under pressure.
It's the second day of gains for the pair but in the bigger picture it remains range-bound.
What's telling is that oil is breaking below the bottom end of its range today and that's despite some modestly good news in yesterday's API report.
EIA inventory numbers will be crucial for oil today and USD/CAD.
A quick look at the commodity space shows it's a tough day for most resources.
