Oil's been on quite a run lately—five straight days of gains, and that's pulling the Canadian dollar up with it. Makes sense when you think about it: Canada's a major oil exporter, so crude prices and CAD tend to move together. Worth watching for traders eyeing commodity-linked assets and forex dynamics. When energy rallies, it often signals broader risk appetite in markets, which can ripple into crypto sentiment too.
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BrokeBeans
· 3h ago
Oil prices have risen for five consecutive days, and the Canadian dollar is taking off in tandem. This logic makes perfect sense—Canada relies on this for its livelihood.
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GweiWatcher
· 4h ago
Oil prices have risen for five consecutive days, and the Canadian dollar is following suit. This logic makes perfect sense.
Oil's been on quite a run lately—five straight days of gains, and that's pulling the Canadian dollar up with it. Makes sense when you think about it: Canada's a major oil exporter, so crude prices and CAD tend to move together. Worth watching for traders eyeing commodity-linked assets and forex dynamics. When energy rallies, it often signals broader risk appetite in markets, which can ripple into crypto sentiment too.