The Canadian dollar fell against its US counterpart today after Canadian retail sales slowed, hinting that Canada’s economy has problems that may slow economic growth. The currency was higher versus the yen.
Loonie Heads Higher as Oil Prices Rise
January 23rd, 2012 at 15:37
Canadian dollar is heading higher against the US dollar today, gaining as oil prices rise, and as risk appetite returns to the Forex market. Loonie is gaining, in a reversal of Friday’s losses, and appears ready to enforce a degree of strength this week.
Canadian Dollar Goes Lower with Crude. May it Rebound?
January 20th, 2012 at 3:38
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.
US Dollar Falls after Upbeat News
January 17th, 2012 at 16:22
US dollar is falling today, thanks to upbeat news out of China and Europe. With risk appetite on the rise, there is little demand for the safety and stability of the US dollar. Forex traders are, instead, turning to higher yielding currencies.
Canadian Dollar Gains as Commodities Rise
January 16th, 2012 at 16:54
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
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
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
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 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.