Saturday, August 24, 2019

USD/CAD clings to gains on top of one.33 as oil drops sharply on escalating trade tensions part 1

WTI drops below $54, erases quite third-dimensional on the day. 
China retaliates with tariffs on $75 billion value people product.
Trump says he can reply to China, 10-year North American nation T-bond yield drops quite four-dimensional.



After dropping to a contemporary daily low of one.3275 within the early mercantilism hours of the yankee session, the USD/CAD combine reversed its direction with the commodity-sensitive Loonie returning beneath revived marketing pressure thanks to the sharp fall witnessed in rock oil costs. As of writing, the combine was up zero.1% on the day at one.3315.

Earlier these days, the information revealed by Statistics North American nation showed that retail sales in North American nation remained unchanged on a monthly basis in June following May's zero.2% decline and beat the market expectation for a fall of zero.1% to produce a lift to the CAD.

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