USD/CAD takes the bids, snaps two-day losing streak.
WTI drops to the lowest since 1999 amid demand-supply concerns.
Risk-off renews following fresh coronavirus updates.
Second-tier data from the US and Canada will join virus news for fresh direction.
With WTI dropping to the lowest since 1999, USD/CAD takes the bids to 1.4075, up 0.55% on a day, during Monday’s Asian session.
While initial risk-off seems to have triggered the Loonie pair’s early-Asian fall, the latest news of mass shootings in Canada and the plunge in oil prices might have called further downside.
Washington Post came out with the news suggesting at least 10 dead, including gunman, while describing Canada’s deadliest attack in years.