Canadian Dollar gains support from rising Oil prices as USD/CAD trims intraday gains

Canadian Dollar gains support from rising Oil prices as USD/CAD trims intraday gains

USD/CAD reverses earlier intraday gains on Tuesday, with the Canadian Dollar (CAD) drawing support from rising Oil prices and offsetting broader US Dollar (USD) strength. At the time of writing, the pair is trading around 1.3800 after hitting an intraday high near 1.3821 earlier in the day. Ongoing uncertainty surrounding US-Iran negotiations continues to support […]

Indian Rupee: INR stabilizes on RBI stance – DBS

Indian Rupee: INR stabilizes on RBI stance – DBS

DBS Group Research economist Radhika Rao notes that the Indian Rupee has appreciated from near 97.00 to the mid-95.00 area on hopes of easing West Asia tensions, lower Oil prices, and central bank support. Source link