The collapse in commodity prices continues with Brent crude leading the charge with a landmark dip below $40/barrel – the lowest level seen since 2009. The weakness in oil combined with US rate hike plans and last night's ultra-dovish Bank of Canada statement spells trouble for the loonie.
from Steen Jakobsen - Authored content https://www.tradingfloor.com/posts/morning-markets-brent-breakdown-boc-light-a-fire-under-usdcad-6711223?utm_medium=tf4-feed&utm_source=extract
Morning Markets: Brent breakdown BoC light a fire under USDCAD
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