The USD/CAD pair loses ground to near 1.3630 during the early Asian session on Thursday. The Canadian Dollar (CAD) gathers strength against the Greenback amid a jump in oil prices. Traders will take more cues from the US weekly Initial Jobless Claims reports later on Thursday. The escalating US-Iran conflict and potential supply disruptions in the Strait of […]
Canadian Dollar jumps above 1.3600 on rising crude oil prices Read More »
The dollar index (DXY00) rose by +0.61% on Tuesday and posted a 3.25-month high. The dollar extended Monday’s rally on Tuesday after oil prices soared to an 8.5-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar. Market expectations for Fed easing have fallen, with
Dollar Strengthens as Fed Rate Cut Chances Dim Read More »
January WTI crude oil (CLF26) on Friday closed down -0.16 (-0.28%), and January RBOB gasoline (RBF26) closed down -0.0077 (-0.44%). Crude oil and gasoline prices moved lower on Friday, with gasoline posting a 4.75-year nearest-futures low. Friday’s dollar strength weighed on energy prices. Also, Friday’s stock weakness has dampened optimism about the economic outlook, a
Dollar Strength and Stock Market Weakness Undercut Crude Oil Prices Read More »
The Canadian Dollar found more gains off the back of US Dollar selling pressure. A lack of meaningful Canadian economic data means Loonie gains are at the mercy of market flows. Middle East geopolitical tensions are back on the rise, keeping risk appetite under wraps but boosting Crude Oil prices. The Canadian Dollar (CAD) caught
Canadian Dollar continues to ride Greenback weakness to new highs Read More »
The Canadian Dollar climbed 0.65% on Monday, supported by barrel bids. A general weakening in the US Dollar is further helping the Loonie. Canadian inflation data is due on Tuesday, expected to show another rise in inflation. The Canadian Dollar (CAD) lurched higher by around two-thirds of one percent on Monday, bolstered by a geopolitical
Canadian Dollar rebounds, bolstered by rise in Crude Oil prices Read More »
