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On Monday, the greenback dived versus its Canadian rival notwithstanding the publication of dismal Canadian data because the American government shutdown kept dampening demand for the US currency.
The currency pair USD/CAD slid 0.29% being worth 1.2457.
On Monday, Statistics Canada informed that in November wholesale sales edged up 0.7%, confounding hopes for a soar of 1%.
In October, wholesale sales tacked on 1.6%, whose figure was updated from a previously evaluated 1.5%.
However, the US currency was still under pressure because the American government shutdown was still lasting on Monday after the Senate didn’t manage to reach a deal Sunday night to finance government operations.
US lawmakers have been struggling to reach a deal on immigration. The given issue is considered to be important to breaking that deadlock.
As for the Loonie, it gained versus the common currency, with EUR/CAD losing 0.10% being worth 1.5256.
On Wednesday, the evergreen buck declined because the Japanese yen kept to a two-month minimum due to the fact that market participants had the latest trade reports digested…
On Tuesday, the evergreen buck added versus its counterparts because market participants weighed the latest worsening in the tit-for-tat tariff conflict between China and America, while a weaker common currency also raised market sentiment…
On Monday, the evergreen buck declined versus its counterparts on worries of an escalation in the US-China trade conflict, while a stronger UK currency and euro also put pressure on market sentiment…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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