Too soon to renew oil-cuts deal – Iran’s Zanganeh

According to Iranian Oil Minister B.Znaganeh, it is too soon to start talks on renewing the oil-cuts deal during the second half of the year.

Zanganeh also added that OPEC’s compliance with oil cuts was acceptable during January.

USD/JPY retreats from high, still holding comfortably above 112.00 handle

The greenback recovery against its Japanese counterpart stalled near mid-112.00s handle, with the USD/JPY pair retreating from session peak after the
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USD/CAD slighlty bearish below 200-DMA; bears targeting 1.3010

Currently, USD/CAD is trading at 1.3190, down -0.06% or (7)-pips on the day, having posted a daily high at 1.3122 and low at 1.3087. Over the last 3-
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