The USD is stronger after the release of the Fed December minutes .The USD strength was most obvious versus the EUR and GBP . The former suffering after weak factory orders out of Germany and further comments from the ECB’s Draghi.
Crude appears to have found some short term stability this morning with WTI trading off the lows and CAD trading back towards 1.1800 after testing the upside at 1.18375. Tomorrow brings CAD housing starts and CAD & USD employment data.
CAD likely to be in a tight range 1.1795-1.1835 until tomorrow.