FX:CADCHF   Canadian Dollar/Swiss Franc
The Canadian Dollar advanced against Swiss Franc supported by the rising oil prices. Mideast crises along with the improved demand underpinned oil. API data showed decreasing crude stockpiles by 7.5 million barrels in the week ending June 21. Official EIA data are due later in the session. The commodity-linked currency could advance further to 0.7500 and if breached above it could reach May highs. However, haven Franc is advancing in times of uncertainties and it could benefit from failed US-China talks or weak economic data. Canadian GDP is due on Friday.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.