- USD / CAD rose for the third day in a row on Thursday.
- Weakness in stocks and oil weaken the CAD.
USD / CAD is rising for the third day in a row and in the last hour it accelerated the upward trend climbing to the 1.3135 area, reaching the highest level in a week.
The loonie is among the worst performing currencies in the American session, without a key factor behind at the moment. Risk aversion should affect the commodity currency complex equally, but both the NZD and the AUD are rising against the loonie. Oil, for its part, is advancing modestly and WTI is trading at the highs for the day just below $ 42.00.
The dollar it has strengthened in recent hours and is up against most currencies, although it is still in negative territory against the euro, the Swiss franc and the yen.
Economic data released from the US showed inflation below expectations in October and a larger-than-expected drop in unemployment benefit requests. Those figures had no impact on the market.
Credits: Forex Street
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