Crude Oil — News Archive

Loonie Trades Mixed, but Higher Against the US Dollar

Canadian dollar is trading mixed today, but is higher against the US dollar. With oil prices recovering a bit, and with the greenback pulling back a little after its recent run, the loonie is pressing its advantage.

Canadian Dollar Holds to Gains

Canadian dollar is holding to gains made yesterday, following the announcement of positive employment news. Loonie is managing to hold its own a bit better now that oil prices seem to have stabilized somewhat, and with economic data remaining fairly positive.

Loonie Gains Some Ground After China Swap Agreement

The Canadian dollar is gaining a little bit of ground today, following an announcement of a currency swap arrangement with China. Also helping the loonie today is the fact that oil prices are moving higher again.

Worst Week for Ruble Since 1999

Woes for the Russian ruble continue as the currency experienced the worst week since 1999. Analysts think that the ruble may go even lower, reaching the 50 per dollar level.

Ringgit Heads to Biggest Weekly Decline Since 2013

The Malaysian ringgit dipped today as falling crude oil prices threatened the nation’s economy. Strength of the US dollar also had a negative impact on the currency’s performance. The ringgit headed to the biggest weekly decline since September 2013.

Loonie Drops Against Greenback as Oil Prices Continue to Fall

Loonie is once again heading lower against the greenback, thanks in large part to oil prices. Even though the Canadian dollar is struggling against its US counterpart, though, it is gaining ground against European currencies. Concerns about what’s next in Europe, especially with sluggish Chinese data and policy statements coming tomorrow, are weighing on currencies across the pond.

Crude Oil Prices and Passiveness of Central Bank Hurt CAD

The Canadian dollar bounced against its US peer today following yesterday’s losses but extended decline against the euro and turned down versus the Japanese yen. Falling prices for crude oil and speculations that the Bank of Canada will not hike interest rates anytime soon were among the reasons for the currency’s weakness.

Canadian Dollar Trades Mixed Against Major Counterparts

Canadian dollar is trading mixed today, thanks to the latest comments from central bankers. Information from the Federal Reserve, as well as testimony from the Bank of Canada’s Stephen Poloz, are contributing to the loonie’s losses to the US dollar.

Loonie Gains a Bit Against Major Counterparts

Canadian dollar is heading a little bit higher today, gaining ground after weakening yesterday. A slight uptick in oil prices, along with better news in European and China, are helping the loonie a little bit. However, there are still challenges ahead for the Canadian dollar.

CAD Falls Over Week, Trims Losses By Weekend

The Canadian dollar fell over the week as prices for crude oil were slipping. The currency bounced by the end of the week, trimming its weekly losses, due to a positive inflation report and recovery of prices for crude.

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