img CDN
img AUS
img NZ
Call us now: 1.844.363.7297
imgOnline Dealing Login

Market Update

EncoreFX’s daily market updates are written by our experienced and professional dealing team.

Canadian Dollar Benefits from Strong Oil Prices | USD Falls on Housing Data

Published August 16, 2017
  • Oil prices are up this morning ahead of U.S. Crude Oil inventories this morning
  • U.S. Building Permits and Housing Starts came in below expectations this morning, causing USD to fall sharply, though it has since recovered some of its losses
  • The Federal Reserve will release the minutes of its July policy meeting, which will be scrutinized for clues about future rate hikes in the U.S.