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Canadian Dollar Lower As Oil Prices Drop

RTTNews | 856 dagar sedan

Canadian Dollar Lower As Oil Prices Drop

(RTTNews) - The Canadian dollar declined against its most major counterparts on Monday, as oil prices fell ahead of a meeting of the Organization of the Petroleum Exporting Countries and allies to review current price policy.

Crude for March delivery fell $0.82 to 78.87 per barrel.

Investors await the OPEC meeting taking place on February 01. The cartel is expected to not change output amid an improvement in oil prices in recent weeks.

The Fed will hold its policy meeting on January 31-February 1, when it is expected to downshift to a 0.25 percent increase in interest rates.

All eyes are on the accompanying statement for clues about the outlook for further rate hikes.

The loonie dropped to 4-day lows of 1.4533 against the euro and 1.3354 against the greenback, off its early highs of 1.4450 and 1.3299, respectively. The next possible support for the loonie is seen around 1.47 against the euro and 1.36 against the greenback.

The loonie slipped to a 4-day low of 96.99 against the yen, from an early nearly 2-week high of 97.87. On the downside, 92.00 is possibly seen as the next support level for the loonie.

In contrast, the loonie was up against the aussie, at a 5-day high of 0.9438. If the loonie rises further, it may locate resistance around the 0.92 level.

Taggar: AUDCAD USDCAD EURCAD CADJPY

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U.S. Dollar Falls Amid Weak Data, Trade Tensions

U.S. Dollar Falls Amid Weak Data, Trade Tensions

The U.S. dollar slipped against its major counterparts in the New York session on Wednesday, following the release of weaker than expected economic data, as well as rising trade tensions.

RTTNews | 3h 14minuter sedan

Yen Falls Amid Risk-on Mood

Yen Falls Amid Risk-on Mood

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Asian stock markets traded higher on optimism about amicable trade deals being reached between the U.S. and its trade partners over the weekend after the recent uncertainty. Major currencies in the region also strengthened against the US dollar.

RTTNews | 16h 47minuter sedan

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

RTTNews | 17h 24minuter sedan

Antipodean Currencies Slide As China Manufacturing Activity Contracts

Antipodean Currencies Slide As China Manufacturing Activity Contracts

The antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies in the Asian session on Tuesday, after China's manufacturing activity contracted for the first time in eight months in May as the rise in US trade tariff damped export orders.

RTTNews | 1 dag sedan

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

U.S. Dollar Falls On Re-escalating US-China Trade Tensions

The U.S. dollar weakened against other major currencies in the European session on Monday, as U.S. President Donald Trump's decision to double tariffs on steel and aluminum imports along with rising Sino-U.S. tensions threatened to rekindle global trade tensions.

RTTNews | 2 dagar sedan

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the European session on Monday.

RTTNews | 2 dagar sedan

Yen Rises On Strong Tokyo Core Inflation Data

Yen Rises On Strong Tokyo Core Inflation Data

The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Tokyo's core inflation data came in stronger than expected, increasing the chances of the Bank of Japan's (BoJ) 25 basis point rate hike in July.

RTTNews | 5 dagar sedan

Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Friday.

RTTNews | 5 dagar sedan

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