USDCAD divergence and correlation with the Dollar Index

15 มี.ค. 2021

The USDCAD bearish trend continues towards February 2018 lows as the US stimulus package raises inflationary pressure on the dollar.
Rising oil prices are supportive of a stronger Loonie. However, in the last two weeks, the USD has been strengthening and the dollar index is showing
an unusual divergence with the USDCAD pair.