By Commodity News Service Canada
WINNIPEG, November 7 – The following is a glance at the news moving markets globally.
– The US dollar gained in early activity on Monday, boosted by an announcement from the FBI that they will not be laying any changes against Hillary Clinton following the investigation of another set of emails.
The US presidential election is on Tuesday, and financial analysts say a Clinton presidency would likely be supportive to the country’s currency, as she is likely to maintain policy close to the current administration.
Gains in the greenback would keep pressure on the Canadian dollar.
– Crude oil futures advanced in early activity on Monday, supported by an announcement from OPEC (Organization of the Petroleum Exporting Countries) that all members are still committed to an output cut deal that was inked in September.
