USD/CAD bulls attack 1.3500 amid downbeat Oil price, BoC inflation, Fed Minutes in focus – by anilpanchal7 USDCAD RiskAppetite Oil BOC Fed
The Loonie pair’s latest gains could be linked to the downbeat prices of Canada’s main export item, namely WTI Crude Oil, as well as the market’s risk-off mood that favors the US Dollar’s demand. It’s worth noting, however, that the holiday in the US and Canada restricts immediate moves of the quote amid a sluggish Asian session.
Elsewhere, Japanese Prime Minister Fumio Kishida pushes for an emergency United Nations Security Council meeting amid growing fears from North Korea after the hermit kingdom fired two ballistic missiles towards Tokyo, both of which landed outside Japan's EEZ. On the same line is the failure of the latest meeting between US Secretary of State Antony Blinken and China's top diplomat Wang Yi seemed to restore US-China ties.
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