30.06 - USD/CAD pair gained traction

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usdcad3006The USD/CAD pair closed the first day of the week modestly lower and spent the Asian session trading sideways around mid-1.3600s on Tuesday. With the greenback starting to gather strength in the European trading hours, the pair gained traction and rose to 1.3700. As of writing, the pair was up 0.17% on the day at 1.3680.

The broad-based USD strength and the uninspiring performance of crude oil prices seem to be helping USD/CAD push higher in the session

 

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