The Canadian dollar posted a weekly loss, falling for the third week against its US counterpart, as signs of economic slowdown across the world damped investors’ demand for riskier assets tied to economic growth.
Canadian Dollar Rises as Core Inflation Quickens
March 23rd, 2012 at 20:53
The Canadian dollar erased its losses against its US counterpart as core inflation data was better than predicted and after prices for crude oil jumped. The currency was flat against the Japanese yen and fell versus the euro.
Canadian Dollar Sinks as Retail Sales Come Out Worse than Expected
March 22nd, 2012 at 22:33
The Canadian dollar slid today as news from China and Europe wasn’t particularly favorable, reinforcing investors’ willingness to stick to safer assets and avoid riskier ones. Fundamentals in Canada itself also weren’t very good.
Canadian Dollar Softens Against Dollar as Risk Aversion Returns
March 21st, 2012 at 14:28
Canadian dollar is softening against the US dollar today, after seeing some earlier gains. Now, though, risk aversion is returning to the financial markets, and loonie is heading lower. Canadian dollar, however, retains many of its gains against the UK pound, which is embattled today.
Canada’s Dollar Gains on Rally of Stocks
March 19th, 2012 at 20:54
The Canadian dollar gained today as global stocks rallied and positive macroeconomic fundamentals in the United States boosted risk appetite and increased appeal of Canada’s currency.
Canadian Dollar Choppy Against the US Dollar
March 19th, 2012 at 13:16
Canadian dollar is trading choppily today, moving between gains and losses as investors look for direction. US stock futures are lower, and that is weighing on high beta currencies, but at the same time commodities are higher providing support. Loonie is lower right now, but trying to fight back toward its earlier high.
Canadian Dollar Rises on Optimism, Oil Prices
March 16th, 2012 at 13:49
Canadian dollar is heading higher against the US dollar today, gaining as oil prices rise, and as optimism helps high beta currencies. Loonie is getting a boost from general risk appetite today, as well as being helped along by higher oil prices. Even a drop in Canadian manufacturing hasn’t been able to keep the loonie down.
Loonie Lower on Greenback Strength
March 14th, 2012 at 14:21
Canadian dollar is weaker today, heading lower as the US dollar shows strength, and as commodities fall back. Today, it’s not a lot about economic data — including trade data — and more about larger trends for the future. With expectations of a US economic recovery picking up the pace, the greenback is gaining the upper hand.
CAD Drops vs. Safe Currencies as Traders Shun Risk
March 12th, 2012 at 19:41
The Canadian dollar fell against safer currencies today, but advanced against riskier ones, after negative news from China and uncertainty of the eurozone’s future made Forex speculators to shun risk.
Canadian Dollar Jumps as BoC Maintains Rate, Sees Signs of Stabilization
March 08th, 2012 at 19:51
The Canadian dollar advanced today versus the US dollar and the Japanese yen, rising for the second day, after the Canada’s central bank maintained its overnight rate at the previous level. The currency was down against the euro.
