Online Forex broker
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 Tuesday, the evergreen buck traded below the five-month maximum, taking a breather after the soar underpinned by soaring yields on US government bonds as well as easing tensions in US-China trade relations…
On Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries…
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
