Canadian dollar is mostly lower today, drifting a bit as Forex traders consider their next moves. Many traders are in wait and see mode, with data releases coming up and with questions about what’s next for the Bank of Canada.
Crude Oil — News Archive
February 24th, 2014 at 15:51
Canadian dollar is heading higher against its major counterparts today, following the latest inflation report. Even though there are some concerns about the most recent retail sales data, and it doesn’t appear that rates will rise anytime soon, the latest data indicates that things are likely to remain steady, and the loonie is gaining as a result.
February 20th, 2014 at 14:07
Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.
February 12th, 2014 at 12:20
It’s been an interesting few days for the loonie, and today the Canadian currency is mixed on the Forex market. However, even with the mixed performance, the Canadian dollar is mostly higher against its major counterparts.
February 05th, 2014 at 16:28
Canadian dollar is pulling back a little bit after gaining earlier. Loonie was higher earlier as economic optimism returned to Canada, and a lowered risk of interest rate cuts. However, after seeing some gains, the Canadian dollar is pulling back as risk aversion returns to markets and as traders take some profits.
January 30th, 2014 at 14:07
Loonie is struggling to regain some of the ground it lost in earlier trading against the greenback. However, there isn’t a lot to support the Canadian dollar right now, and so it is expected to continue to struggle. The Canadian dollar is expected to perhaps drop as far as 85 cents against the US dollar by the middle of 2014.
January 14th, 2014 at 14:02
The Canadian dollar got a little bump on Monday, following the release of the Bank of Canada’s business outlook survey. However, the small gains were short-lived as economic realities and monetary policy divergence send the loonie lower against most majors today.
January 07th, 2014 at 14:42
Over the past few years, a number of currencies have done what they can to weaken a bit in order to stimulate economies and gain an edge in global trading. Now it appears that Canada is ready to play that game, and the loonie is lower as a result.
December 24th, 2013 at 22:19
The Canadian dollar fell for the first day in four against its US counterpart and was flat versus the euro and the Japanese yen on the outlook for monetary policies of Canada’s and the US central banks.
December 24th, 2013 at 4:18
The Canadian dollar advanced yesterday after data showed that the nation’s economy grew in October faster than was expected. The currency retreated versus the US dollar and the euro today, but retained its gains versus the Japanese yen.