The US Dollar (USD), the global trade settlement currency, is losing trust among investors and international holders of US sovereign debt, as indicated by the shift to alternatives such as Gold or Bitcoin (BTC).
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $61.57 per barrel, up from Friday’s close at $61.29.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.17.
USD/CAD trades higher around 1.4020 on Friday at the time of writing, up 0.20% on the day, holding firm above the 1.4000 mark despite the pullback following the release of the US Consumer Price Index (CPI).