Crude Oil — News Archive

Aussie Mostly Lower as Gold Prices Drop

Australian dollar is mostly lower today, falling against its major counterparts, as risk appetite flees and gold prices drop. Aussie isn’t expected to improve much in the coming weeks, either. There is a lot weighing on the Aussie right now.

Loonie Surges Along With Oil

Canadian dollar is heading higher today, thanks to a surge in oil prices. Crude is on the rise after the Saudi strikes in Yemen, and that is helping the loonie against its major counterparts.

Higher Oil Helps Canadian Dollar

Canadian dollar is getting some help today from higher oil prices. Dollar weakness has set in, and oil prices are moving higher, providing the loonie with a bit of an advantage.

US Dollar Falls as Rate Hike is Pushed Back

One of the things supporting the US dollar in recent months has been the expectation that a rate hike from the Federal Reserve is just around the corner. With the rate hike likely being pushed back, and with commodities gaining ground, the US dollar is dropping.

CAD-Crosses Demonstrate Mixed Performance

Today’s economic data from Canada was mixed, resulting in varying performance of different CAD-crosses. The currency gained on the US dollar and the Japanese yen but dropped against the euro.

Loonie Continues Its Fall Against the Greenback

Canadian dollar is continuing its fall against the greenback today, heading lower than it’s been in years as Forex traders look forward to today’s Federal Reserve announcement. It’s also not helping matters that oil prices continue to fall.

Canadian Dollar Struggles Along With Oil

Oil continues to struggle in the markets, and that is bringing the Canadian dollar lower as well. Right now, loonie continues to drop against the greenback, even though it (like every other currency) is higher against the euro.

Loonie Gains Against European Currencies, Loses to Greenback

Canadian dollar is trading mixed today, gaining against the major European currencies, but heading lower against the US dollar.

US Dollar Continues to Surge

US dollar is ascendant today, thanks to almost every bit of news out there right now. Rumors of a Fed rate hike, the slide in oil, and the huge drop in US stocks yesterday are all contributing to a strong greenback today.

Lower Chances for Interest Rate Cut Mean Stronger CAD

The Canadian dollar gained today with the help of rising oil prices as well as yesterday’s speech from the central bank’s chief that made traders reevaluate chances for an interest rate cut.

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