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Canadian Dollar lacks direction ahead of twin US, Canadian employment releases

USD/CAD trades around 1.4020 on Friday at the time of writing, up a modest 0.06% on the day with no clear directional bias as investors remain cautious ahead of the release of US and Canadian July employment reports.

Canadian Dollar lacks direction ahead of twin US, Canadian employment releases

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Oil: Prices jump on Hormuz tensions – MUFG

Oil: Prices jump on Hormuz tensions – MUFG

MUFG’s Michael Wan notes that Oil has spiked on renewed tensions in the Strait of Hormuz, even as Brent remains below US$85/bbl. He highlights Iran’s proposed restrictions on US and Israeli ships and regional conflict risks.

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