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Canadian Dollar Lower As Oil Prices Drop

RTTNews | 854 दिनों पहले

Canadian Dollar Lower As Oil Prices Drop

(RTTNews) - The Canadian dollar declined against its most major counterparts on Monday, as oil prices fell ahead of a meeting of the Organization of the Petroleum Exporting Countries and allies to review current price policy.

Crude for March delivery fell $0.82 to 78.87 per barrel.

Investors await the OPEC meeting taking place on February 01. The cartel is expected to not change output amid an improvement in oil prices in recent weeks.

The Fed will hold its policy meeting on January 31-February 1, when it is expected to downshift to a 0.25 percent increase in interest rates.

All eyes are on the accompanying statement for clues about the outlook for further rate hikes.

The loonie dropped to 4-day lows of 1.4533 against the euro and 1.3354 against the greenback, off its early highs of 1.4450 and 1.3299, respectively. The next possible support for the loonie is seen around 1.47 against the euro and 1.36 against the greenback.

The loonie slipped to a 4-day low of 96.99 against the yen, from an early nearly 2-week high of 97.87. On the downside, 92.00 is possibly seen as the next support level for the loonie.

In contrast, the loonie was up against the aussie, at a 5-day high of 0.9438. If the loonie rises further, it may locate resistance around the 0.92 level.

टैग: AUDCAD USDCAD EURCAD CADJPY

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U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.

RTTNews | 18घंटे 5 मिनट पहले

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the European session on Monday.

RTTNews | 18घंटे 32 मिनट पहले

Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.

RTTNews | 3 दिनों पहले

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.

RTTNews | 3 दिनों पहले

U.S. Dollar Falls After Tariff Ruling

U.S. Dollar Falls After Tariff Ruling

The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a federal court ruled against Trump's tariffs, dealing a blow to a key part of his economic agenda.

RTTNews | 4 दिनों पहले

Yen Falls As U.S. Court Blocks Trump's Tariffs

Yen Falls As U.S. Court Blocks Trump's Tariffs

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.

RTTNews | 4 दिनों पहले

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.

RTTNews | 4 दिनों पहले

Euro Falls Against Most Majors

Euro Falls Against Most Majors

The euro fell against its most major counterparts in the New York session on Wednesday.

RTTNews | 5 दिनों पहले

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