Dollar Steady Despite Uptick in Oil Prices.

Source: producer.com, Feb 24, 2023

WINNIPEG – The Canadian dollar was relatively steady on Thursday, with little movement in the United States dollar and upticks in crude oil prices.

The dollar closed at US$0.7381 or US$1=C$1.3549, compared to Wednesday’s close of US$0.7384 or US$1=C$1.3551. On the U.S. Dollar Index, the greenback tacked on 0.007 of a point at 104.530.

Benchmark crude oil prices were higher on Thursday, ahead of an anticipated rate hike by the U.S. Federal Reserve.

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