Canadian Dollar Drops As Oil Prices Decline

RTTNews | 19 days ago
Stocktwits
Canadian Dollar Drops As Oil Prices Decline

(RTTNews) - The Canadian dollar weakened against its major counterparts in the New York session on Wednesday, as oil prices fell after rising in the previous session.

President Donald Trump said that Iran is willing to negotiate with the U.S., but he doubted "it's very late to be talking."

Although they wanted to negotiate, it's not easy for them to do, Trump said.

The White House did not provide details of its military plans in Iran.

The loonie dropped to 5-day lows of 1.5776 against the euro and 105.63 against the yen. The next possible support for the currency is seen around 1.58 against the euro and 103.00 against the yen.

The loonie fell to a 1-week low of 0.8925 against the aussie and an 8-day low of 1.3696 against the greenback. The currency is poised to find support around 0.92 against the aussie and 1.38 against the greenback.

Tags: AUDCAD USDCAD EURCAD
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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 | 13h 49min ago
U.S. Dollar Falls On U.S. Tariff Uncertainty

U.S. Dollar Falls On U.S. Tariff Uncertainty

The U.S. dollar weakened against other major currencies in the European session on Friday, as the unpredictable economic policies of U.S. President Donald Trump and the decline in trust in the Federal Reserve, led to the downturn of USD.
RTTNews | 3 days ago
Antipodean Currencies Slide As European Shares Traded Lower

Antipodean Currencies Slide As European Shares Traded Lower

The Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as European stocks traded lower, with trading volumes likely to remain thin amid the Independence Day holiday in the United States.
RTTNews | 3 days ago
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