Oil traders continue to expect that Saudi Arabia and OPEC will adhere to their commitments of lower oil production thereby pushing prices back to recent highs. The USD has fallen foe a third day in a row against most currencies, traders are now looking at risk on trades, allowing other currencies to receive a boost.
There is no Canadian economic data till Friday which is Manufacturing sales, not a market mover, but still worth watching.
Currently Close Range
USDCAD 1.3380 1.3394 1.3370-1.3417
EURCAD 1.5107 1.5061 1.5060-1.5123
GBPCAD 1.7505 1.7613 1.7444-1.7797
US: Consumer Price Index February M/M 0.0% 0.2%
Y/Y 1.6% 1.5%