Canadian Dollar Appreciates Amid Risk Appetite

RTTNews | 28 days ago
Canadian Dollar Appreciates Amid Risk Appetite

(RTTNews) - The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

US Commerce Secretary Howard Lutnick said that talks were going well and sought a breakthrough on export controls.

The S&P 500 added 0.29%, the Dow Jones Industrial Average edged up 0.14% and the Nasdaq Composite rose 0.25%.

Oil prices firmed amid hopes of a further de-escalation in trade tensions between the world's two largest economies.

The loonie advanced to a 4-week high of 106.03 against the yen and a 4-day high of 1.3668 against the greenback, from an early low of 105.32 and a 6-day low of 1.3728, respectively. The currency may find resistance around 108.00 against the yen and 1.34 against the greenback.

The loonie was trading at 1.5630 against the euro and 0.8920 against the aussie, up from an early 5-day low of 1.5667 and a fresh 2-week low of 0.8947, respectively. The currency is poised to find resistance around 1.52 against the euro and 0.86 against the aussie.

read more
U.S. Dollar Higher As Trump Delays Tariff Deadline

U.S. Dollar Higher As Trump Delays Tariff Deadline

The U.S. dollar climbed against its major counterparts in the New York session on Tuesday, as President Donald Trump announced a delay in implementation of tariffs to August 1.
RTTNews | 1h 42min ago
Antipodean Currencies Rise Amid Risk-on Mood; Yen Slides

Antipodean Currencies Rise Amid Risk-on Mood; Yen Slides

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday, as Asian markets traded higher following Trump's softened stance on tariff hikes.
RTTNews | 15h 16min ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Tuesday.
RTTNews | 16h 35min ago
Commodity Currencies Slide Amid Risk-off Mood

Commodity Currencies Slide Amid Risk-off Mood

The commodity-linked currencies such as the Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Monday, as Asian stock markets traded lower amid ongoing concerns about U.S. tariffs after U.S. President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
RTTNews | 1 day ago