USD/CAD: correlation between the Canadian dollar and oil prices

Forex analytics: On Tuesday, the price of oil sharply went down amid new signals of oversupply of oil market and negative Chinese data on the decline in Chinese exports. China is the second largest importer of oil and a driver of the rise in demand of oil and oil prices. Therefore, negative data on the foreign trade of China has negative impact on the world stock indices and prices of commodities and oil and ...