Thursday 18 February 2016

XE Market Analysis: Europe - Feb 18, 2016

The main currency pairings have consolidated with respective ranges from yesterday. One exception is USD-CAD, which edged out a two-week low at 1.3653, concomitantly with another advance in oil prices. Brent crude is showing a 0.7% gain, rising above yesterday's peak at $34.97 but remaining shy of Monday's two-weak high at $35.55. News yesterday that Iran is disposed to joining the Saudi and Russian lead in freezing output has helped buoy oil prices.



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