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Canadian Dollar Falls Against Most Majors
(RTTNews) - The Canadian dollar declined against its most major counterparts in the New York session on Monday.
The loonie fell to 1.3909 against the greenback, from an early more than 5-month high of 1.3827.
The loonie declined to a 10-day low of 0.8786 against the aussie.
The loonie was trading at 103.13 against the yen, down from an early 4-day high of 103.95.
The currency is poised to challenge support around 1.41 against the greenback, 0.89 against the aussie and 101.00 against the yen.
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U.S. Dollar Rises Amid Reduced Bet On Fed Rate Cut, FOMC Minutes
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U.S. Dollar Advances Against Most Majors
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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Canadian Dollar Drops After Weak Inflation Data
The Canadian dollar declined against its most major counterparts in the New York session on Tuesday, following the release of weak inflation data for July.
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Australian Dollar Falls Despite Upbeat Consumer Sentiment Data
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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