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Loonie Rises After BoC Decision
(RTTNews) - The Bank of Canada raised its key rate by 25 basis points to 4.75 percent unexpectedly. Following the decision, the loonie advanced against its major counterparts.
The loonie was trading at 1.3446 against the greenback, 104.58 against the yen, 0.8851 against the aussie and 1.4351 against the euro around 10:05 am ET.
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U.S. Dollar Higher On Trade Hopes
The U.S. dollar appreciated against its major counterparts in the New York session on Friday, as investors focused on developments on the trade front.
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Antipodean Currencies Recovers Amid U.S.-China Trade Deal Optimism
The Antipodean currencies such as the Australia and the New Zealand recovered from recent lows against their major currencies in the Asian session on Friday, amid improved global trade optimism.
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Yen Rises Amid Risk-off Mood, BoJ Rate Hike Bets
The Japanese yen strengthened against other major currencies in the Asian session on Friday amid risk-off mood, as traders digested the latest settlements on the trade tariff front and remained caution as they awaited more clarity on the developments in trade negotiations with other trade partners.
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Australian Dollar Recovers Against Majors
The Australian dollar recovered from recent lows against other major currencies in the Asian session on Friday.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Friday.
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Euro Drops Against Majors
The euro weakened against its major counterparts in the New York session on Thursday.
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Commodity Currencies Slide, Yen Rises Amid Cautious Trade
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, as traders remain cautious amid continued uncertainty surrounding U.S. President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K.
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Canadian Dollar Drops Against Majors
The Canadian dollar weakened against most major currencies in the Asian session on Thursday.
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