A lively time for the Loonie.
Softer oil prices have added to the upside pressure on USDCAD and we've now seen 1.4530 posted in a rush before dropping back to 1.4458 as I type.
Must be something more than oil and 1.4400 stops but I'm not seeing/hearing anything at the moment. Dramatic rise and fall is more than just stops even in thin liquidity times such as 06.30 GMT but that will certainly add to it.
Brent crude down to $30.30 and WTI $30.31
Will keep sniffing around. If anyone has any further info please post in the comments.
USDCAD 5min- Blink and you miss it
