USD/CAD: Mildly bid near 1.2750 as softer oil prices join strong yields By anilpanchal7 USDCAD RiskAppetite Oil YieldCurve Currencies
OPEC’s demand forecast, risk-off mood weigh on oil prices.US data, Fedspeak will be in focus, Russia-Ukraine headlines eyed as well.
The loonie pair took a U-turn from the two-week low, also rose the most in a week, the previous day as markets reacted to the multi-year high US inflation data. Adding to the pair’s strength is the downbeat for January rallied to over a four-decade high with a 7.5% YoY figure, versus 7.3% expected and 7.0% prior.
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