USD/CAD Outlook: Struggling Under 1.36 Amid Surging Oil Prices

<div><img width="400" height="267" src="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg" class="type:primaryImage wp-post-image" alt="my USD/CAD forecast" style="margin-bottom: 15px;" decoding="async" srcset="https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags.jpg 400w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-300×200.jpg 300w, https://www.forexcrunch.com/wp-content/uploads/2021/08/USD_CAD_Loonie_Flags-150×100.jpg 150w" sizes="(max-width: 400px) 100vw, 400px" /></div>
<p>Financial markets were calm ahead of the US consumer price index data. Oil prices increased, but investors remained cautious ahead of US inflation data. Speculators have reduced bearish bets on the Canadian dollar. Embark on Tuesday’s market journey, where the USD/CAD outlook took a bearish turn, driven by the Canadian dollar’s ascent amid surging oil…</p>
<p>The post <a href="https://www.forexcrunch.com/blog/2023/12/12/usd-cad-outlook-struggling-under-1-36-amid-surging-oil-prices/">USD/CAD Outlook: Struggling Under 1.36 Amid Surging Oil Prices</a> appeared first on <a href="https://www.forexcrunch.com">Forex Crunch</a>.</p>