Loonies rises slightly despite oil jump

2019-09-16 18:45:59 GMT (Economies.com)
Loonies rises slightly despite oil jump

Canadian dollar rose slightly against greenback today despite oil prices jumping after the two attacks in Saudi Arabia.

 

Two Saudi Aramco's oil facilitates were hit by drones attacks that led to a supply suspension.

 

The US accused Iran of being behind the attacks against Saudi Arabia buy its Middle Eastern proxies.

 

The US Secretary of Energy Rick Perry proposed an international coalition to counter Iran's activities in the region, while he said that the US will not use its strategic oil inventories to support Saudi supplies.

 

Obviously these attacks are in favor of the producing countries such as Canada and Brazil, but will hurt consuming countries and will increase expenses on their budget.

 

As of 15:42 GMT, CAD/USD rose by 0.3% to $0.7549, with a high of $0.7575 and a low of $0.7523.

 
 
 
  Symbol Last Change Chg.%
1.1163
-0.0003
0.0296%
1.2976
0.0024
0.1822%
17.702
0.157
0.897%
53.368
-0.339
0.631%
58.82
-0.59
0.99%
1491.180
1.025
0.069%
 
 
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