The Canadian dollar rose against its US counterpart today on speculations that the recent drop was overdone. The currency remained weak versus the euro and the Japanese yen.
Crude Oil — News Archive
The Canadian dollar dropped today, following the decline of crude oil. The currency was down against the US dollar and the euro, but managed to log gains versus the Japanese yen.
November 26th, 2013 at 15:38
Canadian dollar is lower today, struggling as oil fluctuations cause difficulty. Oil is slightly higher right now, but earlier there were losses and a certain amount of see-sawing after the nuclear deal was reached with Iran. For now, the loonie is just mostly lower against its major counterparts.
November 25th, 2013 at 17:17
The Canadian dollar fell against its US counterpart today as crude oil prices dropped. At the same time, the currency strengthened versus the euro and the Japanese yen.
The Canadian dollar continues to weaken. Evidence of economic slowing is weighing on the loonie, and there is speculation that the Bank of Canada will decide to cut interest rates at some point in the near future in order to stimulate the economy a bit.
November 19th, 2013 at 22:04
The Canadian dollar fell today despite the rally of crude oil — the major export of Canada. The currency dropped as prospects for global growth worsened.
November 05th, 2013 at 1:42
The Canadian dollar was soft at the start of this trading week as crude oil slid, endangering the export-oriented economy of Canada. The currency attempted to recover against its US peer, but failed and remained weak against other major counterparts too.
October 08th, 2013 at 5:55
The Canadian dollar retained its yesterday’s losses today that were caused by the abysmal building permits data. Worries about the US budget impasse did not help the currency either.
September 06th, 2013 at 10:11
The Indonesian rupiah was soft today as rising oil prices made investors worried that the nation’s trade balance deficit may worsen. Such worries were obviously negative for attractiveness of Indonesian assets.
August 27th, 2013 at 14:52
Very little about the Canadian dollar is being driven by what’s happening in Canada today. Instead, the loonie is responding to everything that’s going on in other countries. Fed bets and concerns about the Middle East are weighing on the Canadian dollar right now.