Canadian Dollar Steadies as Oil Prices Slide and Markets Await US Inflation Data

Canadian Dollar easing off pressure as Crude Oil prices soften and US inflation data remains key driver.

Absence of Canadian economic data keeps focus on US inflation figures for direction.

USD/CAD back into Tuesday's highs as Greenback catches bid and Loonie follows Oil lower.

US data beats on Wednesday send USD/CAD back above 1.3600 handle with support from SMAs.

FOMC minutes show rates to stay restrictive for some time as markets await clearer inflation picture.