LONDON—The Aussie and the Canadian dollar climbed on Tuesday on firmer oil prices while the euro held below $1.06 as European Central Bank (ECB) President Christine Lagarde offered no fresh insight on the central bank’s policy outlook.
Oil prices are up 10 percent in barely a week on supply constraint concerns with Brent crude holding near $117 levels pushing the Canadian dollar and the Australian dollar up 0.3 percent and 0.4 percent respectively versus the greenback.
“Oil is helping the Norwegian crown and the Canadian dollar to outperform and the euro is again running into resistance at the 1.06 level,” said Kenneth Broux, an FX strategist at Societe Generale in London….