Oil turns positive, USD/CAD falls further

WTI crude now higher on the day

Oil touched as low as $31.07 earlier but now it's up slightly no the day at $32.20 per barrel.

The improvement in oil has continued to weight on USD/CAD and the pair is now down 150 pips.

Broader risks trades are getting a nice lift alongside crude. Suddenly the market is feeling all warm and fuzzy. That's especially impressive given the 6.4% decline in Shanghai earlier today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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