By ForexMansion.com
The USD/CAD pair declined during last week, where a combination of rising risk appetite amid optimism over the outlook for both the United States and Canada economies boosted confidence over the recovery process, in addition to rising energy prices, which provided the Canadian dollar with strength to lead the USD/CAD pair lower.
The lack of economic news this week from the United States on Monday will lead investors and traders to focus on global events including the political unrest in the Arab world, which continues to push oil prices higher.
Originally posted here
