USD/CAD Rebounds While Oil Prices Take a Downturn
The USD/CAD currency pair is trading around 1.3600 this Monday after rebounding from an eight-month low of 1.3566 recorded last week. Entreprenerdly.com reports that the Canadian Dollar struggles as oil prices decline, impacting its standing against the US Dollar. With the G7 Summit on the horizon, traders are eyeing developments that may influence currency movements in the next few days.