Why is the Canadian Dollar rising despite lower oil prices?
USD/CAD depreciates after registering gains in the previous day, trading around 1.4200 during Asian hours on Thursday. The currency pair lost ground as the US Dollar (USD) struggled while investors continued to evaluate the Federal Reserve’s (Fed) monetary policy outlook in the wake of stronger-than-expected inflation data. The Bureau of Labor Statistics (BLS) reported on Wednesday that the US…










