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Canadian Dollar Slides As Crude Oil Prices Drop

Canadian Dollar Slides As Crude Oil Prices Drop

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices dropped due to lingering worries that an escalating Israel-Iran conflict may touch upon oil infrastructure. Iran has in the past threatened to close the Strait of Hormuz to traffic in retaliation for Western pressure and such a move could restrict trade and affect global oil prices, analysts say.
RTTNews | 1 dag sedan
Commodity Currencies Slide Amid Escalating Israel-Iran Conflict

Commodity Currencies Slide Amid Escalating Israel-Iran Conflict

The commodity currencies such as the Australia, New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, amid escalating trend in the ongoing conflict between Israel and Iran as they continued to attack each other for the seventh consecutive day, with speculation of the U.S. joining Israel in striking Iranian nuclear sites.
RTTNews | 2 dagar sedan
Canadian Dollar Drops As Oil Prices Decline

Canadian Dollar Drops As Oil Prices Decline

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.
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Canadian Dollar Advances As Oil Prices Rise

Canadian Dollar Advances As Oil Prices Rise

The Canadian dollar firmed against its most major counterparts in the New York session on Tuesday, as oil prices advanced amid ongoing Israel-Iran conflict.
RTTNews | 3 dagar sedan
Canadian Dollar Higher Amid Rising Oil Prices

Canadian Dollar Higher Amid Rising Oil Prices

The Canadian dollar advanced against its most major counterparts in the New York session on Friday amid a spike in oil prices after Israel launched fresh wave of attacks on Iran.
RTTNews | 7 dagar sedan
Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
RTTNews | 8 dagar sedan