Crude Oil — News Archive

Canadian Dollar Sinks with Oil Prices

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.

Loonie Loses Ground After Ending Last Week Strong

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.

Loonie Drops Back After Yesterday’s Gains

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.

US Dollar Regains Some Lost Ground

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.

US Dollar Struggles, Supporting Commodities

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.

Canadian Dollar Demonstrates Weakness During Trading Week

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.

Loonie Recovers After Hit from Canadian GDP

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.

Canadian Dollar Firms by End of Thursday’s Trading

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.

Canadian Dollar Continues to Struggle

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.

Canadian Dollar Falls as Oil Slides

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.

Archives

SUBSCRIBE

Searching for a proper Forex broker? See the list of recommended Forex brokers.