USD/CAD: the pair is moving almost in align with oil prices Fundamental analysis as of 17.06.16.

Forex analytics: In the absence of significant domestic news and macroeconomic data, the Canadian dollar continues to align its movement with oil prices. Canada is an exporter of oil. Oil and gas sector is the most important part of the economy of this country. Oil is an important source of export revenue for Canada and oil prices are correlated with the prices of the Canadian dollar.After reaching new annual ...