Published at 15:43 (GMT) 09 Sep

usdcad

USD/CAD is finding bids at 1.0300 as crude oil futures stall before USD76.00. While EIA oil inventory data did not harm the upside posture for crude with an unexpected fall, gains are struggling for traction as equities stabilise. USD/CAD's relationship is close with both cross markets, and while the "shock" from Wed's BoC decision should have run its course by now, we might see some consolidation before considering a run toward 1.0240 support. SI