USD/CAD falls to 1.3166

The Australian and New Zealand dollars have made good progress lately but the loonie has been stuck to the floor.

Today, however, the loonie is catching a lift from

  1. Broad US dollar weakness
  2. WTI crude is ripping, up $2.80 to $47.29 -- nearly 6%
  3. Better risk sentiment with the S&P 500 now up 10 points to 1988
  4. Other commodities including precious metals, nickel and copper are higher

There is some chatter about bids at 1.3150 but the Sept 9 low of 1.3155 is also support.