The Canadian Dollar was slightly stronger against the US Dollar as tensions around the Ukraine border eased yesterday. Russia announced that some troops and equipment had been withdrawn from the area.
This saw the crude oil price drop around 3.5% with the WTI contract now trading near US$ 92 bbl after Monday’s high of US$ 95.82 bbl.
The safe-haven US Dollar slipped while most risk assets were lifted by this easing of geopolitical risks. AUD and NZD the notable beneficiaries in the US session, both up around 0.4%. Currency markets had a quiet day in Asia.
