Canadian Dollar News Archive

USA & Europe Bring Good News, Benefiting Canada’s Currency

The Canadian dollar jumped today against its US counterpart and the Japanese yen on positive macroeconomic data from the United States and good news from Europe. The currency posted losses against the euro.

Disagreement Among Greece & EU Hurts Canadian Dollar

The Canadian dollar erased its earlier gains fell today against the US dollar and the Japanese yen as politician of Greece and other European countries argue about the bailout for the Hellenic Republic. The currency maintained its gains versus the euro.

Loonie Pares Some of Its Losses Against the Greenback

Canadian dollar dropped earlier in trading as the news about US retail data caused a general pull back for riskier currencies. Since the United States is a major trading partner, the news about retail sales was a bit of a blow for the loonie. However, some of the losses have been pared as oil prices top $101 a barrel and as the ZEW shows hope for the eurozone economy.

CAD Drops as Greek Story Takes Troublesome Turn

The Canadian dollar dropped today against the greenback and the Japanese yen, but rose versus the euro, as Greece won’t receive rescue until nation’s leaders would accept deeper budget cuts demanded by other members of the European Union.

Canadian Dollar Fluctuates on Diversified Opinions About Greece

The Canadian dollar fell against the US dollar and the euro, but gained versus the Japanese yen as growing optimism about an outcome of the talks about Greek debt has started to slowly disappear from the Forex market, but hasn’t gone completely yet.

Market Sentiment Shifts, CAD Goes Upward

The Canadian dollar gained versus its US counterpart and the Japanese yen, while fell against the euro, as Forex traders view the talks about new portion of a bailout to Greece in the positive light again.

Canada’s Dollar Jumps on Good US Payrolls

The Canadian dollar jumped today as positive employment data from the United State boosted risk appetite among Forex traders and overshadowed poor employment report from Canada itself.

Canadian Dollar Edges Higher even with Uncertainty

Canadian dollar is edging higher on market uncertainty today, gaining a bit even as risk aversion creeps into currency trading. Loonie does remain near parity with the greenback, though. Gains have been limited by some of the uncertainty experienced by the financial markets.

Fundamentals in US & Canada Surprisingly Bad, Loonie Dips

The Canadian dollar dropped today versus safer currencies as macroeconomic fundamentals were surprisingly bad both in Canada and in the United States. The currency still managed to outperform the euro after the earlier drop.

Canadian Dollar Pulls Back

Canadian dollar is pulling back today, heading lower as risk appetite fades away, and as oil prices drop. Commodity currencies are struggling right now on risk aversion and a higher US dollar. It’s not surprise that the loonie is experiencing difficulties as well.

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