US Dollar Index approaches 2019 tops. WTI erases early gains, turns flat on the day below $66. Data shows wholesale sales in Canada increased more than expected in February. The USD/CAD pair gained traction in the last hour and rose to its highest level since the last week of March at 1.3413. As of writing, the pair was up 0.47% on the day at 1.3409. Earlier today, the commodity-sensitive loonie was able to show resilience against the dollar with crude oil prices gaining traction on the U.S. announcement to end the issuance of waivers for Iran oil imports. The barrel of West Texas Intermediate climbed to its highest level of the year at $66.17 but struggled to preserve its momentum. With Saudi Arabia reportedly looking to ramp up its production in response to the U.S. action, the WTI retraced its gains and turned flat on the day near $65.70. Gulf OPEC producers to raise oil output if there is enough demand – Reuters. On the other hand, after making a modest technical correction on Friday and yesterday, the US Dollar Index extended its rally and rose to its highest level since early March at 97.70 to cause the pair to push higher. At the moment, the DXY is up 0.4% on the day at 97.67. The only data from the U.S. today showed that the Federal Housing Finance Agency’s Housing Price Index rose 0.3% in February to match the market expectation. On the other hand, wholesale sales in Canada increased by 0.3% in February to surpass the analysts’ estimate of 0.1%. Technical levels to consider FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD hits over 2-month lows, around mid-1.2900s amid notable USD demand FX Street 4 years US Dollar Index approaches 2019 tops. WTI erases early gains, turns flat on the day below $66. Data shows wholesale sales in Canada increased more than expected in February. The USD/CAD pair gained traction in the last hour and rose to its highest level since the last week of March at 1.3413. As of writing, the pair was up 0.47% on the day at 1.3409. Earlier today, the commodity-sensitive loonie was able to show resilience against the dollar with crude oil prices gaining traction on the U.S. announcement to end the issuance of waivers for Iran oil imports. The barrel… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
