Canadian dollar is getting a little help today, heading higher after recent losses. The loonie’s success against the greenback is being helped along by higher commodity prices.
April 18th, 2013 at 16:37
April 17th, 2013 at 19:09
The Canadian dollar dropped against safer currencies today as both the Bank of Canada and the International Monetary Fund revised negatively their projections of Canada’s economic growth. The loonie managed to outperform the euro.
April 08th, 2013 at 14:59
UK pound is mostly lower today, thanks in large part to economic weakness. Economic reports point to continued difficulties in the United Kingdom, and that is leading to expectations of more easing — and continued weakness for the pound.
March 29th, 2013 at 13:54
While the FX market doesn’t close for holidays, equity markets in the United States and Europe are closed for Good Friday, and that is affecting volume. UK pound is mostly steady against its major counterparts as traders assess the situation from the last two weeks and get set for a new week and a new month.
March 09th, 2013 at 13:10
The US dollar extended its rally for another week. The currency paused its advance versus the euro after the European Central Bank talked about economic recovery, but resumed the rally on the very next day on the better-than-expected non-farm payrolls.
March 06th, 2013 at 19:03
The Canadian dollar dropped sharply against its US counterpart today after the Bank of Canada left interest rates unchanged, signaling that the accommodative policy will persist for some time.
February 28th, 2013 at 13:38
Canadian dollar is lower against its major counterparts today, dropping as economic expectations weigh on the loonie. Between GDP data to be released tomorrow, and a Bank of Canada announcement next week, there aren’t high hopes for loonie performance.
February 15th, 2013 at 16:44
Once again, the economy is back in the spotlight for Canada. Worries about the Canadian economy have been increasing recently, and the latest manufacturing sales data isn’t helping matters. With the latest plunge, the loonie is heading lower against its counterparts.
January 29th, 2013 at 19:57
The Canadian dollar rose today for the second trading session after the huge drop against the US dollar and the euro that has started in the middle of this month. The bounce was supported by favorable fundamentals, including rising stocks and commodities.
January 25th, 2013 at 17:50
Canadian dollar is struggling today, even though other high beta currencies are doing well. One of the issues right now is the latest CPI data coming out of Canada. Concerns about the Canadian economy are mounting, and that is weighing on the loonie today.