USD suffers another round of selloff after report that Saudi Arabia intercepted missiles over Riyadh after at least three blasts were heard in the city. WTI crude oil surges to as high as 66.82. It remains to be seen if it can sustain above key resistance level at 66.66. But momentum is promising.
Riding on the news, USD/CAD extends recent to as low as 1.2544. It’s on course to next support level at 1.2450.