Canadian employment news is weighing on the loonie today, prompting it to trade mixed as it loses ground to the US dollar. Falling oil prices aren’t helping the Canadian dollar, either.
Crude Oil — News Archive
August 07th, 2014 at 13:41
Canadian dollar is heading a little higher this week, gaining ground against European counterparts, thanks in large part to the latest trade surplus data. With the Canadian dollar looking for gains related to its economic recovery, and with Europe suffering from economic difficulties and geopolitical uncertainty, it’s no surprise the loonie is gaining.
June 27th, 2014 at 14:28
The Indian rupee gained today as falling prices for crude oil eased fears about potential increase of the nation’s trade balance deficit. The currency was heading for a first weekly gain in a month.
June 26th, 2014 at 13:57
US dollar is up against the euro today, gaining ground after the jobless claims report. While the report missed expectations by a little bit, the general trend is still toward economic recovery, and the rising dollar index reflects that today.
Asian currencies declined today as the conflict in Iraq kept driving prices for crude oil higher, endangering economies of emerging markets. The Indian rupee and the Indonesian rupiah led the decline.
June 18th, 2014 at 12:27
Speculators are keeping the loonie mostly lower again today. Some analysts think that these speculators are being stubborn, and that the Canadian dollar has more upside potential than is being shown. For now, though, the loonie continues to struggle.
June 16th, 2014 at 10:52
The Indian rupee fell today on speculations that rising prices for crude oil will lead to widening of the country’s trade balance deficit. Such prospects hurt the appeal of the nation’s assets.
May 20th, 2014 at 12:54
The Canadian dollar continues to struggle in forex trading today, falling against its major counterparts as commodities struggle, and as traders consider recent disappointments in economic data.
May 06th, 2014 at 13:45
Canadian dollar is mixed today, thanks in large part to questions about what’s next for the loonie, and for currencies in general. Right now, it doesn’t seem as though many currencies are moving according to market data, and there is a great deal of head scratching going on.
March 27th, 2014 at 12:58
Commodity currencies are still clinging to gains, even after a bit of a pull back following yesterday’s commodity-fueled run. Canadian dollar is one of those that remains mostly higher against its major counterparts, logging gains against the US dollar.