Energy news

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Podcast - BoE nearly done, BoC and RBA pause, Saudi and Russia extend cuts

OANDA Senior Market Analyst Craig Erlam joins Jonny Hart to discuss the Bank of England Monetary Policy Report Hearing, the Bank of Canada and Reserve Bank of Australia interest rate decisions, and the Saudi Arabia and Russia oil cut extensions.

06-09-2023 16:16 GMT by Craig Erlam

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USD/CAD eyes key resistance at 1.3700, pares losses on OPEC driven oil price surge

Loonie pares losses alongside oil price surge Oil rises on OPEC+ action, but may remain a choppy trade on global growth concerns and rising Non-OPEC production $100 oil risk will remain on table throughout the winter USD/CAD Daily Chart After having its worst slide in a month, the Canadian dollar continues to weaken as investors digest the surprise Canadian contraction in the second quarter. BOC rate hike bets are fading away but an outperformance with European currencies could limit the dow

05-09-2023 11:48 GMT by Edward Moya