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USD/CAD maintains its position above 1.3800 as Crude oil prices retreat
USD/CAD recovers recent losses registered on Friday, bidding higher around 1.3810 during the Asian session on Monday. The Canadian Dollar (CAD) received gains in the previous session on the back of improved Crude oil prices. However, West Texas Intermediate (WTI) Crude Oil price pulls back and trades below 76.50 at the time of writing. Oil prices step back as renewed worries about diminishing demand in both the United States (US) and China cast a shadow over market sentiment. Concerns about the economic giants are putting a dent in the oil market dynamics. The yearly decline in Chinese inflation recorded in October ... (full story)