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On Friday, the greenback rallied versus its Canadian rival, notwithstanding the publication of positive data from Canada as well as overall caution as for the US currency because a steep dive in crude prices affected demand for Canada's commodity-related currency.
The currency pair USD/CAD rallied 0.17% being worth 1.2442.
Market sentiment on the US dollar was still fragile as on Thursday American lawmakers were unable to agree on a federal budget deal. It powered fears of a probable government shutdown already this weekend.
Another factor was that the yield on the American 10-year Treasury demonstrated its highest value since 2014.
In Canada, Friday’s data revealed that in November manufacturing sales tacked on 3.4%, surpassing hopes for a 2.0% leap. As for manufacturing sales, they lost 0.6% in October.
The Canadian dollar was still the downside right after on Wednesday the Bank of Canada lifted its overnight cash rate from 1% to 1.25%.
Versus the common currency the Loonie slumped, with EUR/CAD adding 0.17% trading at 1.5225.
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
On Monday, crypto assets tumbled due to the fact that the Organization for Economic Cooperation and Development drew attention to the necessity of the global regulation of initial coin offerings…
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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