Weekly Oil Stock News Today : Breaking News, Live Updates & Top Stories | Vimarsana

8/4/2021 12:06:19 AM GMT
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By Anil Panchal
USD/CAD bulls take a breather around weekly top after three-day uptrend.
Oil fails to justify geopolitical concerns relating to Iran amid downbeat inventories, covid woes.
Easy Canadian PMI, firmer US Factory Orders favored bulls on late Tuesday.
US ISM Services PMI, ADP Employment Change will be crucial to watch.
USD/CAD seesaws around 1.2530, following a three-day rebound from the monthly low, amid Wednesday’s Asian session. In doing so, the loonie pair follows the sidelined oil prices during a quiet Asian session ahead of the key US data.
That said, the quote refreshed weekly top the previous day following the second day of downbeat oil prices, not to forget softer activity data at home versus better-than-forecast US Factory Orders. ....

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