Crude Oil — News Archive

Canadian Dollar Flat, Can Potentially Go Lower

The Canadian dollar was little changed during Thursday’s quiet trading. The currency fell versus the US dollar intraday but is trading near its opening level currently. Falling prices for crude oil coupled with poor economic data from Canada suggest that the currency may go lower once trading recovers after the holiday in the United States.

Canadian Dollar Demonstrates Weak Performance

The Canadian dollar was attempting to rise against its US peer today but has almost erased its gains by now. The currency fell against its other major rivals, including the euro and the Japanese yen.

Canadian Dollar Down as Traders Wait for Fed Minutes

The Canadian dollar fell today against its major peers as the drop of crude oil prices continues to weigh on the currency. Additionally, traders were unwilling to buy risky currencies tied to economic growth ahead of the release of Federal Reserve policy meeting minutes.

Canadian Dollar Mixed Close to End of Trading

The Canadian dollar was mixed today, falling against the US dollar, rising versus the euro and staying flat against the Japanese yen.

Canadian Dollar Flat, Feels Pressure from Crude Oil

The Canadian dollar was little changed during Wednesday’s quiet trading. Markets in several countries, including Canada and the United States, are closed today due to holidays.

Canadian Dollar Regains Some Lost Ground

Canadian dollar is regaining some of the ground it lost yesterday. Thanks to slightly higher oil prices and some profit taking, the loonie is higher against its major counterparts.

Loonie Continues to Fall as Money Flows Out of Canada

Canadian dollar is falling today after a relatively successful run last week. With the oil boom over for Canada, though, there is a lot of money flowing out of the country and the loonie is dropping as a result.

Loonie Continues to Fall in Tandem with Crude Oil

The Canadian dollar slumped on Tuesday as prices for crude oil continued to struggle. Economic data from Canada’s neighbor, the United States, also was not helping the currency much.

CAD Little Changed vs. USD Falls vs. Other Majors

The Canadian dollar was flat against its US counterpart on Monday and remained little changed during Tuesday’s trading. The loonie was falling against other majors, including the euro and the Japanese yen.

Ruble Gains with Crude Oil Prices

The Russian ruble rose against the US dollar with the help of rising crude oil prices. Comments from Russian President Vladimir Putin perhaps also played a part in the ruble’s rally.



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