The Canadian dollar is trading flat against the US dollar today, but it is gaining some ground against its counterparts in Europe. Many traders expect reasonably good news out of Canada later this week, and this is helping the loonie in Forex trading.
May 26th, 2014 at 14:56
It’s a slow day for the markets, thanks to the Memorial Day holiday in the United States. However, the FX market is open, and the Canadian dollar is making some progress against its US counterpart as traders look ahead to economic data to be released later in the week.
May 22nd, 2014 at 16:48
Canadian retail sales demonstrated disappointing results, while the outlook for inflation data is rather poor. Is the Canadian dollar bothered by this? Not at all. On the contrary, the currency posted solid gains today.
May 20th, 2014 at 12:54
The Canadian dollar continues to struggle in forex trading today, falling against its major counterparts as commodities struggle, and as traders consider recent disappointments in economic data.
May 13th, 2014 at 3:51
The Canadian dollar was trading sideways at the beginning of this week after the Friday’s drop due to poor employment data. The currency was flat against the US dollar and the euro but was rising against the Japanese yen.
May 08th, 2014 at 22:57
The Canadian dollar climbed today as the positive housing data increased the appeal of the currency and the optimistic outlook for tomorrow’s employment report made the loonie even more attractive for Forex traders.
May 06th, 2014 at 13:45
Canadian dollar is mixed today, thanks in large part to questions about what’s next for the loonie, and for currencies in general. Right now, it doesn’t seem as though many currencies are moving according to market data, and there is a great deal of head scratching going on.
May 02nd, 2014 at 13:46
Euro is struggling today, and is mostly lower against many of its counterparts. This is largely due to the latest round of data released by European Union leaders. With the unemployment rate still high, the current worry is stagnation, even with better manufacturing data.
Canadian dollar is higher against its European counterparts, riding the coattails of the greenback. Positive news out of the United States is helping the North American currencies, sending them higher against the euro and the pound.
March 27th, 2014 at 12:58
Commodity currencies are still clinging to gains, even after a bit of a pull back following yesterday’s commodity-fueled run. Canadian dollar is one of those that remains mostly higher against its major counterparts, logging gains against the US dollar.