Crude prices continue their slide, down below $74 a barrel at the moment. A strong dollar seems to be a contributor as are fears that the global economic rebound may not be as robust as thought several months ago. Austerity all throughout Europe will clearly be a drag on the global economy.
USD/CAD is getting a lift as oil slides. Traders report strong buying from A UK clearing bank helping take the pair up to the present 1.0190 level. Near-term resistance is up at 1.0210/15.