Crude oil prices are down
Crude oil prices are lower today at $48.28 but off the low at $47.84. The Wholesale trade sales for January came in at +3.3%, much higher than the 0.5% estimate. That data is at odds with each other. Lower oil should support USDCAD. Higher trade sales should weaken the USDCAD. How has the USDCAD reacted?