The Australian, New Zealand and Canadian dollars performed extremely well today. The Canadian dollar hit a new 30 year high before giving back some of those intraday gains.
Oil and gold prices continue to press higher with the liquid commodity hitting another record high as US supplies drop more than expected. At this point, $100 oil may not even be needed to take USD/CAD down to parity.
Written by Kathy Lien, Chief Currency Strategist of DailyFX.com