German Confidence News Today : Breaking News, Live Updates & Top Stories | Vimarsana

USD/CAD - Canadian Dollar Firms Ahead of FOMC The Canadian dollar started the New York session nearly unchanged from Tuesday’s close but has since eked out small gains. The U.S. dollar is paring its overnight gains in cautious, low-volume trading. The Canadian dollar is benefitting from a jump in West Texas Intermediate (WTI) oil prices, which have risen nearly 5% since Monday. The rally occurred despite the Organization of the Petroleum Exporting Countries moving forward with plans to raise production quotas at the beginning of May. The American Petroleum Institute (API) reported U.S. crude inventories rose 4.3 million barrels in the week ending April 23.

New yorkUnited statesRahim madhavjiMonetary policyHouse of commons finance committeeUs federal open market committeeOrganization of the petroleum exporting countriesGoldman sachsAmerican petroleum instituteWest texas intermediatePetroleum exporting countriesCanada governor tiff macklemCommons finance committeeMonetary policy reportMarch retail salesOpen market committee