USD/CAD sellers attack 1.3600 on firmer oil, Canada inflation, US CB Consumer Confidence eyed

USD/CAD sellers attack 1.3600 on firmer oil, Canada inflation, US CB Consumer Confidence eyed – by anilpanchal7 USDCAD Inflation YieldCurve CentralBanks Oil

Oil prices cheer hopes of more demand, easing recession woes.BOC CPI, US CB Consumer Confidence will decorate calendar, yields are also important to watch for fresh impulse.

The Loonie pair’s latest rebound could be linked to the US Dollar’s consolidation but the broad weakness of the quote is likely to the firmer oil prices, as well as the market’s cautious optimism. However, anxiety ahead of the key data from the US and Canada seems to allow the quote to pare recent losses. bounces off its intraday low to 104.10 as it consolidates the biggest daily fall in a week, marked the previous day.

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