CAD – The Canadian dollar strengthened to its highest level in nearly five months against USD on Wednesday as oil prices rose and investors rebalanced portfolios for the end of Q1.
KnightsbridgeFX succinctly noted that “We are seeing some month-end and quarter-end flows which are generally loonie-positive. Outside of that, we have seen a bit more strength in the oil markets.”
Antipodeans – The Australian and New Zealand dollars paused to digest a month’s worth of hefty gains on Wednesday as markets waited to see if Russian talk of de-escalating its military operation in Ukraine actually bore fruit.
Indeed, commenting on AUD’s performance, Reuters notes that “investors were content to bank the Aussie’s recent gains which have seen it reach five-month highs on the US dollar, a five-year peak on the euro and a seven-year peak on the yen.”
KnightsbridgeFX succinctly noted that “We are seeing some month-end and quarter-end flows which are generally loonie-positive. Outside of that, we have seen a bit more strength in the oil markets.”
Antipodeans – The Australian and New Zealand dollars paused to digest a month’s worth of hefty gains on Wednesday as markets waited to see if Russian talk of de-escalating its military operation in Ukraine actually bore fruit.
Indeed, commenting on AUD’s performance, Reuters notes that “investors were content to bank the Aussie’s recent gains which have seen it reach five-month highs on the US dollar, a five-year peak on the euro and a seven-year peak on the yen.”
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.