Group 1 - The USD/CAD exchange rate continues to rise, trading around 1.3660, supported by a combination of factors including a decline in oil prices and a stronger USD [2] - The Canadian dollar's performance is closely linked to oil prices, as Canada is the largest oil exporter to the US, making its economy and currency sensitive to fluctuations in oil prices [2] - Recent declines in West Texas Intermediate (WTI) crude oil prices, which have fallen over 5% in the last four trading days to around $62.00 per barrel, have weakened the support for the Canadian dollar, facilitating the rise of the USD/CAD exchange rate [2] Group 2 - Uncertainty regarding the Federal Reserve's policy outlook and recent statements have bolstered the USD, with the nomination of Kevin Warsh as the next Fed Chair raising expectations for a potential shift towards a more cautious monetary policy [3] - Fed officials have indicated a preference for maintaining current interest rates, with St. Louis Fed President Alberto M. stating that the 3.50%-3.75% policy rate range is neutral, balancing economic growth and inflation pressures [3] - Progress in US fiscal policy, including an agreement in the Senate on government funding, has alleviated risks of a government shutdown, improving market sentiment and further supporting the USD [3]
BlueberryMarkets:油价走低叠加美元获支撑,美元兑加元延续上行
Sou Hu Cai Jing·2026-02-02 08:51