Oil above $100: how are CAD and NOK reacting for you?

Brent crude traded above $100 a barrel in early September as shipping through the Strait of Hormuz dwindled. For the currencies of oil exporters that should in theory be supportive, but the link is rarely that simple.

Tell us what you're seeing:

  • Has USD/CAD tracked oil as closely as the textbooks suggest?
  • Is the Norwegian krone responding more to oil or to Norges Bank?
  • Are higher fuel costs weighing on the currencies of oil importers you trade?

The guides to oil and the Canadian dollar and commodity currencies explain the relationships, and our news report covers Brent above $100.

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