Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.
February 12th, 2014 at 12:20
It’s been an interesting few days for the loonie, and today the Canadian currency is mixed on the Forex market. However, even with the mixed performance, the Canadian dollar is mostly higher against its major counterparts.
February 08th, 2014 at 2:51
Canadian employment data was very good, better even than optimistic forecasts. It allowed that Canadian dollar to gain on its US counterpart and the Japanese yen, but the loonie was not able to outperform the euro.
February 06th, 2014 at 19:48
The Canadian dollar rose against the US dollar and the Japanese yen, but fell versus the euro today. Macroeconomic data from Canada was mixed today, while specialists expect that tomorrow’s employment report should be very good.
February 05th, 2014 at 16:28
Canadian dollar is pulling back a little bit after gaining earlier. Loonie was higher earlier as economic optimism returned to Canada, and a lowered risk of interest rate cuts. However, after seeing some gains, the Canadian dollar is pulling back as risk aversion returns to markets and as traders take some profits.
January 31st, 2014 at 22:37
The Canadian dollar rose today, rallying for the second session against the US dollar and the euro, as the nation’s economy continued to grow in November. At the same time, the currency retreated versus the Japanese yen following yesterday’s advance.
January 30th, 2014 at 14:07
Loonie is struggling to regain some of the ground it lost in earlier trading against the greenback. However, there isn’t a lot to support the Canadian dollar right now, and so it is expected to continue to struggle. The Canadian dollar is expected to perhaps drop as far as 85 cents against the US dollar by the middle of 2014.
January 25th, 2014 at 19:04
The Canadian dollar slid this week as the Bank of Canada left its hawkish stance and may even lower interest rates. Wide-spread risk aversion on the Forex market added to the losses of the currency.
January 22nd, 2014 at 15:56
The Canadian dollar sank today, dropping to new multi-year lows versus the US dollar and the euro, after the central bank maintained its key overnight rate unchanged and signaled that an interest rate cut is possible.
January 22nd, 2014 at 0:33
The Canadian dollar dropped yesterday, falling below 1.10 against the US dollar for the first time in more than four years, and retained its weakness today. Traders were largely pessimistic about the currency ahead of the central bank’s meeting and fundamentals did not help to alleviate this sentiment.