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USD/CAD Price Analysis: Oil Rising on Supply Concerns, Boosting CAD

Started by forex4you, Sep 02, 2022, 05:54 am

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USD/CAD Price Analysis: Oil Rising on Supply Concerns, Boosting CAD

Oil prices are edging higher on expected OPEC+ supply cuts The US dollar rose to a 20-year high yesterday. Unrest in Libya has raised supply concerns in the market. Today’s USD/CAD price analysis is bearish as the Canadian dollar strengthens on rising oil prices. The expected supply cuts from OPEC+ and the fighting in Libya … Continued


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