European Session – Loonie falls on oil price drop and BoC decision; dollar tests 120 yen
Posted on October 21, 2015 at 2:16 pm GMTWith the absence of any major data releases today, a drop in oil prices and anticipation ahead of tomorrow’s ECB meeting were the main currency drivers in today’s European session. Crude oil prices extended their losses for a third day after the American Petroleum Institute report showed US commercial crude stocks rising by more than expected in the week to October 16. More data on US oil inventories is released later today from the US Energy Information Administration, which is [..]