Dollar and Loonie Rise Together as Brent Reclaims $100 After Round Trip

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Brent completed a round trip, falling into the low $98s on Tuesday as traders priced a faster Hormuz reopening, then reclaiming $100 as focus shifted from whether Iran's diplomatic offer is real to how long any agreement would take to restore actual oil flows. CAD strengthened broadly on the oil rebound, but USD/CAD still edged higher because Dollar has an additional tailwind of its own: a hawkish week of Fed commentary keeping meaningful odds on an October hike.The post Dollar and Loonie Rise Together as Brent Reclaims $100 After Round Trip appeared first on ActionForex.