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Loonie Mixed Ahead Of Canada Inflation Data
(RTTNews) - Canada inflation data for May will be released at 8:30 am ET Wednesday. Ahead of the data, the loonie traded mixed against its major counterparts. While it fell against the euro and the yen, it was steady against the greenback and the aussie.
The loonie was worth 1.3663 against the euro, 104.73 against the yen, 0.8954 against the aussie and 1.2983 against the greenback as of 8:25 am ET.
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The British pound strengthened against other major currencies in the European session on Friday, after U.K. retail sales rebounded more than expected in April as good weather boosted food store sales.
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Pound Rises Against Majors
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Euro Weakens After German Composite PMI Falls
The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
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The euro weakened against other major currencies in the Asian session on Thursday.
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Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
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