Taking a close look at USD/CAD.

The US dollar remains within recent ranges against the euro, yen and sterling.

Commodities were weaker across the board but WTI and Brent were cracked again to new multi-year lows (Brent under $80 - lowest since Sept 2010) as Brent-WTI crossed under $3.

In light of the news from the land of the rising sun and the sinking currency, let’s reserve NFTRH 315’s only real charting for a big picture monthly view of currencies.

Statistics Canada painted another disappointing jobs picture for the country. Instead of the 20,000 additional jobs expected by the “consensus” for June, the Canadian economy lost 9,400 jobs.