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Canadian Dollar Slides Against Majors
(RTTNews) - The Canadian dollar weakened against other major currencies in the European session on Friday.
The Canadian dollar fell to a 1-week low of 1.5790 against the euro, from an early high of 1.5760.
The loonie dropped to 106.02 against the yen, from an early high of 106.23.
Against the U.S. and the Australian dollars, the loonie edged down to 1.3711 and 0.8894 from early highs of 1.3688 and 0.8870.
If the loonie extends its downtrend, it is likely to find support around 1.59 against the euro, 104.00 against the yen, 1.39 against the greenback and 0.90 against the aussie.
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Australian Dollar Falls Amid RBA Rate Cut Speculation
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated.
Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
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The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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The Australian dollar weakened against other major currencies in the Asian session on Tuesday, despite Australia's consumer confidence improving to a three-and-a-half year high in August as the central bank is expected to lower interest rates further after a third reduction this year.
Data from Westpac-Melbourne Institute showed that consumer sentiment index rose to 98.5 in August from 93.1 in July. The improvement followed a further reduction in interest rates by the Reserve Bank of Australia. With the latest 25 basis points cut, interest rates dropped by 75 basis points since the start of the year.
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Australian Dollar Falls Against Majors
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The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
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