Crude Oil — News Archive

Loonie Bounces as Canadian Economy Exits Recession

The Canadian dollar repeated yesterday’s performance today, falling at the first half of the trading session but bouncing later. The currency did not completely erase its losses against the euro and the Japanese yen but managed to rebound to the opening level versus the US dollar.

Canadian Dollar Follows Bounce of Oil Prices

The Canadian dollar, as it often happens, followed moves of crude oil prices during Monday. This resulted in losses initially but a bounce closer to the end of the trading session.

Crude Oil Prices Rescue Canadian Dollar

The Canadian dollar was falling for the most part of Friday’s trading session but reversed its movement as of 14:00 GMT and currently almost erased its losses. The reason for such behavior was the sudden surge of oil prices.

Ruble Pulls Back After Massive Gains

The Russian ruble fell on Friday, dragged down by falling crude oil prices. Today’s drop followed yesterday’s massive gains that were also caused by moves of prices for crude.

Canadian Dollar Struggles to Regain Some Lost Ground

Canadian dollar is heading a little higher today, struggling to regain some lost ground after hitting lows not seen since 2004. Loonie is a little higher today against most of its major counterparts, and hoping to eke out more gains. However, with global uncertainty weighing on high beta currencies, and with oil prices remaining low, there isn’t a lot of support for the Canadian dollar.

Crude Oil Prices Drag Canadian Dollar Down

The Canadian dollar sank yesterday and retained its weakness today as falling crude oil prices dragged the currency down along with them. The drop of the US dollar could have helped the loonie, but in practice it had a minimal impact if any at all.

Canadian Dollar Remains Lukewarm

Canadian dollar remains lukewarm in Forex trading against its major counterparts today. There isn’t a whole lot to either push the loonie forward or drag it back, and it is mostly rangebound today.

Loonie Continues to Fall Against Greenback as Markets Drop and Oil Falls

Canadian dollar continues to struggle, especially against the US dollar, thanks to falling stock prices and weak oil prices. There isn’t much to support the loonie, which only seems to be finding success against a weak euro.

Canadian Dollar Mostly Steady Today

Oil prices are inching higher today, but they are still below $45 a barrel. Canadian dollar is mostly steady against its major counterparts. While the loonie is mostly lower, it isn’t making any big moves today.

BOJ Expectations Point to Weak Yen

Expectations for more stimulus from the Bank of Japan are leading to more yen weakness today. With energy prices continuing to show weakness, BOJ policymakers are expected to keep attempting to stimulate the economy, and that means a lower yen.

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