The Canadian dollar fell against major currencies this week despite domestic fundamentals that were supportive for the currency.
May 30th, 2013 at 19:22
The Canadian dollar advanced today against its US peer as the nation’s current-account deficit shrank last quarter, adding to speculations that the central bank may raise interest rate in the future. The currency declined versus the euro.
May 29th, 2013 at 21:52
The Canadian dollar jumped today against its US counterpart and trimmed losses versus the euro after the policy meeting of the Canadian central bank. At the same time, the currency declined against the Japanese yen.
May 28th, 2013 at 20:15
The Canadian dollar fell against its US peer today as traders were speculating about an end to Federal Reserve’s quantitative easing. At the same time, the currency was little changed versus the euro and rose against the Japanese yen.
The Canadian dollar fell today as commodities declined on talks that riskier assets have gained too much in the previous days. Such speculations reduced the appeal of currencies tied to performance of raw materials.
May 23rd, 2013 at 15:06
Canadian dollar is experiencing very choppy trading today, moving between gains and losses against major counterparts as traders and investors try to figure out what to do next.
May 21st, 2013 at 13:12
Canadian dollar is losing ground today, dropping as the the US Federal Reserve considers reducing its economic stimulus efforts. It’s also not helping the loonie that oil prices are dropping again.
May 17th, 2013 at 22:19
The Canadian dollar slumped today, touching the lowest level since March against its US peer, as inflation slowed last month, decreasing probability of an interest rate hike from the Bank of Canada.
May 16th, 2013 at 22:33
The Canadian dollar dropped today as speculations about reduction of quantitative easing by the US Federal Reserve continued, trimming risk appetite of investors and making them less willing to buy risky currencies.
May 15th, 2013 at 23:01
The Canadian dollar gained against the euro and the US dollar as macroeconomic data from the eurozone and the United States was bad. The currency was flat versus the Japanese yen.