The Canadian dollar went lower today as a drop of crude oil prices overshadowed gains of stocks. The currency was rallying yesterday and may yet resume its rally amid positive market sentiment.
Canadian Dollar Gains as Commodities Rise
January 16th, 2012 at 16:54
Canadian Dollar
Canadian dollar is gaining today, drawing strength from rising commodities. Canada is especially seeing some support from rising oil prices. With oil supply in question, prices are up and the loonie is following suit.
CAD Drops vs. USD, Rises vs. EUR as S&P Downgrades European Ratings
January 14th, 2012 at 0:56
Canadian Dollar
The Canadian dollar ended the last trading session down against the US dollar and the Japanese yen, but up versus the euro, as Standard & Poor’s downgraded credit ratings of various European countries, including France, but excluding Germany.
Canada’s Dollar Weaker Than Euro
January 13th, 2012 at 1:19
Canadian Dollar
The Canadian dollar slumped against the euro yesterday as comments of European Central Bank President Mario Draghi boosted the shared European currency, while US retail sales were below forecast. Canada’s currency was flat against the US dollar.
Canadian Dollar Losing Momentum on Risk Aversion
January 11th, 2012 at 13:27
Canadian Dollar
Earlier, the Canadian dollar was gaining on the demand for riskier assets. Yesterday’s demand for higher yielding assets helped the loonie gain versus its counterparts. However, some of that momentum is being lost right now as a bit of risk aversion sets in.
Canadian Dollar Mixed as Markets Look for Direction
January 09th, 2012 at 15:09
Canadian Dollar
Canadian dollar is mixed on the Forex market today as traders look for direction. On the one hand, there is a little optimism that is helping the loonie gain, especially against the US dollar. However, there are also downward pressures on the Canadian dollar.
Canadian Dollar Drops as Oil Declines & Unemployment Grows
The Canadian dollar fell yesterday and extended its drop today after crude oil declined, while unemployment in Canada unexpectedly increased last month and employment growth was lower than anticipated.
Canada’s Dollar Suffers from Risk Aversion
January 05th, 2012 at 1:45
Canadian Dollar
The Canadian dollar fell yesterday and continued its decline today against the US currency and the Japanese yen as optimism evaporated from the Forex market. Canada’s currency jumped versus the euro.
Canadian Dollar Rises as Commodities Jump
January 03rd, 2012 at 14:48
Canadian Dollar
Canadian dollar is higher as commodities see a sharp jump in prices. The latest ISM data in the United States is helping matters, especially for the loonie, but the manufacturing expansion in China and Australia is also helping quite a bit.
Canadian Dollar Mixed in Forex Trading
December 30th, 2011 at 17:36
Canadian Dollar
Canadian dollar is largely mixed in forex trading today, looking for direction as concerns about the oil supply mesh with speculation about what’s next for the global economy.