Crude Prices Briefly Drop Below $80, US Dollar / Canadian Dollar (USDCAD) Approaches 1.20

Written by John Kicklighter, Currency Strategist It's less correlation and more a sign of the times. The active WTI crude contract traded on the NYMEX has pushed below $80/barrel today as speculative funds drain out of the commodity and fears of a global recession lower production (and thereby consumption) expectations. For USDCAD, investors are showing greater interest in... [read full story]