USD/CAD trades in the negative territory despite broad USD strength.
CAD gathers strength as US crude oil gains more than 12%.
US Dollar Index clings to daily gains after PMI data.
After rising toward the 1.4100 handle earlier in the day, the USD/CAD pair reversed its course as rising crude oil prices helped the commodity-sensitive CAD outperform its rivals. As of writing, the pair was down 0.4% on a daily basis at 1.4030.
Heightened hopes of global energy demand recovering in the second half of the year amid easing coronavirus-related restrictions continue to fuel crude oil's rally on Tuesday. The barrel of West Texas Intermediate, which gained more than 19% on Monday, was last up 12% on the day at $26.35.
DXY