by SignalFactory · September 16, 2019 | 03:46:53 UTC
USD/CAD drops 0.5% in
the open on an expected surge in oil prices.
While CAD was the
notable underperformer in the G10 space, slipping -0.5% to 1.328, the currency
has opened strongly at the start of the week sending Funds down some 0.5% to a
low of 1.3216 on news of facilities at the Abqaiq and Khurais oil fields being
attacked which has cut Saudi Arabia’s oil capacity in half becomes the major
focus and likely to see oil prices surge higher.
An attack on Saudi
Arabia’s key oil facilities has significantly raised tension in the Middle East
with Houthi rebels in Yemen reported to have launched a fleet of drones on
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