Loonie rises across the board during the American session. WTI soars 4.50% supporting CAD and boosting Wall Street. US dollar under pressure after US economic data. The USD/CAD tumbled to 1.2704 during the American session on the back of a rally in crude oil prices and amid a weaker US dollar. Also, a rebound in equity prices helped the move lower. WTI soars almost 5% The barrel of West Texas Intermediate (WTI) jumped reaching levels above $47.50, the highest in months. It is by 4.40%. The rally also boosted equity prices in Wall Street. Main indexes turned positive. The Dow Jones is falling by just 0.05% while Nasdaq rises by 0.70%. Economic data from the US came in below expectations. Initial Jobless Claims jumped to 853K, the highest level in ten weeks. Analysts were expecting a modest decline. The greenback lost momentum, and the European Central Bank meeting added more pressure. The DXY fell to 90.64, the weakest level in six days before trimming losses. It is hovering around 90.85, after being unable to hold above 91.00. The loonie gained momentum and is among the top performers of the American session. The breakout below the key short-term support at 1.2760/65 added pressure to the downside. Now 1.2700/10 is the next barrier. Technical levels 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 Silver prices choppy around $24.00 amid broadly indecisive markets FX Street 2 years Loonie rises across the board during the American session. WTI soars 4.50% supporting CAD and boosting Wall Street. US dollar under pressure after US economic data. The USD/CAD tumbled to 1.2704 during the American session on the back of a rally in crude oil prices and amid a weaker US dollar. Also, a rebound in equity prices helped the move lower. WTI soars almost 5% The barrel of West Texas Intermediate (WTI) jumped reaching levels above $47.50, the highest in months. It is by 4.40%. The rally also boosted equity prices in Wall Street. Main indexes turned positive. The Dow… 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.
