The Canadian dollar sank yesterday and retained its losses today due to the drop of crude oil prices. Crude declined as the complicated situation with Greece deterred traders from buying commodities.
Crude Oil — News Archive
June 08th, 2015 at 11:22
Canadian dollar ended last week on a strong note, but the currency is mostly lower today as a new week gets under way. Forecasts expect to see the loonie weaken through the rest of 2015.
June 03rd, 2015 at 11:17
Fueled by US dollar weakness and better oil prices, the loonie headed higher yesterday. Today, though, the Canadian dollar is down again, heading lower against the greenback and its other major counterparts.
June 03rd, 2015 at 10:43
US dollar is regaining some of the ground it lost yesterday, but is still somewhat weak. Greenback is higher against its major counterparts, but still hasn’t reached the performance level seen before yesterday’s mauling.
June 02nd, 2015 at 11:39
US dollar is struggling today, and that is helping commodities as the greenback drops against its major counterparts. Dollar is also lower as Forex traders position themselves for a Greek bailout deal and look to the future.
May 30th, 2015 at 17:57
The Canadian dollar experienced weakness during the past week. While the currency managed to rally against the Japanese yen, the loonie demonstrated losses versus the US dollar and the euro.
May 29th, 2015 at 21:57
The Canadian dollar sank today after data that showed an unexpected decline of Canada’s economy. The currency recovered somewhat by the end of the trading session, erasing losses against the US dollar and the Japanese yen, also trimming the drop versus the euro.
May 28th, 2015 at 21:25
The Canadian dollar had been falling against its US counterpart and the euro during the most part of the Thursday’s trading session. Yet as of now, the currency has managed to erase losses versus the greenback and to pare the decline against the currency of the eurozone. On top of that, the loonie rallied versus the Japanese yen.
May 27th, 2015 at 10:53
After a bit of a rally, the Canadian dollar is struggling again. Even upbeat comments from the Bank of Canada can’t help the loonie overcome some of the realities of the current situation.
May 20th, 2015 at 10:15
Canadian dollar is mostly lower again today, thanks to the slide in oil prices. The loonie is struggling as oil, once again, falls away from the $60 a barrel mark.