The Canadian dollar sank today as fundamental reports were very bad, even worse that forecasts, which were not optimistic. The currency managed to outperform the Japanese yen, which remained soft because of aggressive quantitative easing from the Bank of Japan.
April 05th, 2013 at 17:54
April 04th, 2013 at 22:39
The Canadian dollar rose against its US counterpart today even though forecasts for Canadian employment are not particularly good. The currency also surged versus the Japanese yen, reaching the highest level since October 2008, but retreated against the euro.
April 03rd, 2013 at 2:03
The Canadian dollar continued to rise today as positive macroeconomic data from China and the United States invigorated performance of commodity currencies and made them more attractive to Forex traders.
April 02nd, 2013 at 0:13
The Canadian dollar rose against its US counterpart, but fell versus the euro and the Japanese yen. Mixed economic reports from Canada’s major trading partner, the United States, led to confusion and lack of general direction for the currency.
March 25th, 2013 at 19:53
The Canadian dollar advanced today as crude oil gained amid the positive market sentiment caused by the bailout deal for Cyprus. The currency trimmed its gains and fell against the yen as optimism was slowly going away from the Forex market.
March 15th, 2013 at 20:13
The Canadian dollar advanced today, reaching the highest level in three weeks versus its US counterpart. The currency fell against the euro, but almost erased the drop, while the loonie maintained its losses versus the Japanese yen.
March 12th, 2013 at 19:04
The Canadian dollar was flat against its US peer today, erasing the intraday loss. The currency gained versus the euro and fell against the Japanese yen.
March 09th, 2013 at 5:01
The Canadian dollar ended Friday higher against most of its major peers as employment data came out much better than was predicted by analysts, making Canadian assets more appealing to investors. The currency also advanced versus the US dollar, but later erased the gain.
March 08th, 2013 at 2:27
The Canadian dollar jumped against its US peer yesterday, but backed off a little today. The currency maintained its gains versus the Japanese yen. The euro was too strong after the European Central Bank policy meeting and the loonie could not compete with the shared European currency.
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.