Canadian dollar is declining against the US dollar for the third day in a row as the Federal Reserve begins its two-day meeting. The expectation that the Fed could begin reducing its asset purchases is lending strength to the greenback against the loonie.
EUR/CAD — News Archive
June 15th, 2013 at 2:26
The Canadian dollar touched the highest level in a month against its US peer before retreating below the opening level yesterday. The currency fell against the Japanese yen as well because domestic fundamentals were not supportive for the currency.
June 13th, 2013 at 20:27
The Canadian dollar rallied today as positive macroeconomic data from the United States improved prospects for Canadian exports, increasing the appeal of the nation’s assets. The currency remained below the opening level against the Japanese yen and dropped versus the Australian dollar.
June 12th, 2013 at 21:21
The Canadian dollar dropped today against other most-traded currencies even though fundamentals were supportive for the loonie. Earlier, the Canadian currency advanced against the US dollar and the euro, but erased its gains later.
June 12th, 2013 at 0:44
The Canadian dollar dropped versus its US peer, but managed to rebound on the previous trading session. The currency stayed near the opening level at today’s session. Meanwhile, the loonie remained soft against the euro and the Japanese yen.
June 10th, 2013 at 19:14
The Canadian dollar rallied against its US peer and the Japanese yen today as housing starts outpaced investors’ expectations, adding to positive reports from Canada. The currency retreated against the euro.
June 07th, 2013 at 19:52
Perhaps, US employment data was the most important event today, but it was Canadian employment that shocked the Forex market. And it surprised in a positive way, allowing the Canadian dollar to surge.
June 06th, 2013 at 22:21
The Canadian dollar rallied versus its US counterpart today as the new chief of the central bank said that an interest rate hike is probable sometime in the future. The currency retreated against some other majors, including the euro.
June 05th, 2013 at 19:30
The Canadian dollar fell today as mixed US macroeconomic reports created uncertainty and confusion on the Forex markets, making riskier currencies less appealing to investors.
June 04th, 2013 at 15:01
Canadian dollar is heading lower today as a wider trade deficit takes its toll. It’s also not helping that risk appetite, in general, is lacking today.