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Canadian Dollar slides to five-week low after Fed’s hawkish decision
The Canadian Dollar (CAD) trades weakly against the US Dollar (USD) on Thursday. In the Asian session, the USD/CAD pair posts a fresh five-week high to near 1.4000.
WTI remains below $97.50 as Saudi routes recover, US stocks shrink less than expected
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $96.60 per barrel during the Asian hours on Thursday.
US President Donald Trump to hold Iran talks with Gulf leaders next week — Reuters
US President Donald Trump is expected ‌to meet Gulf leaders on the sidelines of the UN General Assembly in New York next Tuesday to discuss the next steps in the Iran war, Reuters reported on Wednesday.
WTI holds near daily low as Fed decision draws muted reaction
Texas Intermediate (WTI) Oil holds near its daily low on Wednesday, showing little immediate reaction to the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, WTI trades around $97.50 per barrel, down roughly 3.3% on the day.
WTI pulls back below $100 as Saudi Arabia steps up efforts to restore Oil flows
West Texas Intermediate (WTI) Oil falls on Wednesday as Saudi Arabia steps up efforts to restore flows through its East-West pipeline, which was damaged by a drone attack last week.
United States EIA Distillate Stocks Change registered at 1.585M above expectations (0M) in September 11
United States EIA Distillate Stocks Change registered at 1.585M above expectations (0M) in September 11
United States EIA Crude Oil Stocks Change above expectations (-1.6M) in September 11: Actual (-0.64M)
United States EIA Crude Oil Stocks Change above expectations (-1.6M) in September 11: Actual (-0.64M)
United States EIA Heating Oil Stocks Change came in at 0.684M, above expectations (0M) in September 11
United States EIA Heating Oil Stocks Change came in at 0.684M, above expectations (0M) in September 11
Canadian Dollar tests monthly lows against US Dollar ahead of Fed decision
The Canadian Dollar (CAD) trades lower against a firm US Dollar (USD) on Wednesday, with the market positioned for a quarter rate hike by the Federal Reserve (Fed), the first one in three years, later in the day.
WTI falls near $100 as Saudi adds Oman route, US stocks surge
West Texas Intermediate (WTI) oil price depreciates after posting nearly 3% gains in the previous day, trading around $100.00 per barrel during European hours on Wednesday.
Euro gains against Canadian Dollar as oil prices retreat on rising US crude inventories
EUR/CAD extends its gains for the second consecutive day, trading around 1.6090 during European hours on Wednesday. Traders are closely watching the European economic calendar, as the seasonally adjusted Eurozone Industrial Production figures for July are scheduled for release later in the day.
Oil: Supply risks and central bank pressures – Rabobank
Rabobank’s Senior Macro Strategist Bas van Geffen highlights escalating Middle East tensions, with Houthi attacks and damage to Saudi infrastructure forcing more Oil flows through the Strait of Hormuz.
Norwegian Krone: Norges Bank weighs inflation and growth – Commerzbank
Commerzbank’s Antje Praefcke highlights uncertainty over whether Norges Bank will hike in September or wait until December. Inflation remains above target despite a recent downside surprise, while growth is described as close to normal.