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USD/CAD remains 50pips below the level

Tuesday, April 7, 2015 10:48 PM UTC

USD/CAD remains 50pips below the level ahead of the payrolls release and CAD is the only G10 currency that has not fully reversed gains on the back of that release.

WTI extending yesterday's gains to the highest level in a month and a half is helping CAD outperform.

Tonight we will watch comments from Canadian Finance Minister Oliver, who will speak on the Canadian economy, though his remarks not expected to get much reaction from CAD.

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USD/CAD remains 50pips below the level

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