The Canadian dollar soared today with the help of rising price for crude oil. This allowed the currency to ignore negative domestic macroeconomic data though it was unable to outperform the US dollar.
Crude Oil — News Archive
December 17th, 2014 at 22:24
December 16th, 2014 at 11:26
Canadian dollar continues to struggle in Forex trading, thanks in large part to falling oil prices. There doesn’t seem to be a bottom to the oil collapse, and the loonie is most lower against its major counterparts as a result of the oil weakness.
December 11th, 2014 at 11:52
US dollar is trading mixed today, and the US dollar index is down, thanks to a lot of the upheaval in the world right now. Greenback is trying to push higher after losing ground recently, and the results depend largely on a number of global factors.
December 08th, 2014 at 16:01
The Malaysian ringgit fell today, touching the lowest level since September 2009 against the US dollar, as the huge increase of US employment fueled speculations that the Federal Reserve will increase interest rates in the near future.
December 05th, 2014 at 1:37
The Canadian dollar rallied on Wednesday after the Bank of Canada kept its monetary policy unchanged. The currency fell on Thursday and continued to move down during the early Friday’s session, though it did not erase its Wednesday’s gains completely.
December 03rd, 2014 at 11:37
The Canadian dollar has been struggling recently, but seems to be enjoying something of a breather right now. The loonie is a little bit higher against the US dollar, thanks in part to slightly higher oil prices today, as well as some profit taking.
December 02nd, 2014 at 18:36
The Mexican peso fell today, weakening past 14 per dollar for the first time since 2012. The currency declined on concerns that falling oil prices will deter investments in the country’s economy.
November 28th, 2014 at 23:27
The Canadian dollar ended today’s session with losses even though Canada’s economy demonstrated growth in September following the previous month’s decline. It looks like the currency remains under pressure from yesterday’s OPEC announcement.
November 28th, 2014 at 13:30
US dollar index is heading higher today, gaining ground as commodities fall. While the US dollar is mixed in trading with individual currencies, the dollar index, which measures the greenback’s performance against a basket of currencies, is heading higher.
November 27th, 2014 at 17:57
Today, trading is lighter than usual due to a holiday in the United States. But this does not mean that the Forex market was quiet. Traders were focusing on the OPEC meeting, and it certainly affected the market. The Canadian dollar together with other oil-related currencies sank after the gathering.