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Canadian Dollar Follows Crude Oil to Downside

The Canadian dollar fell during the current trading session, yet again following the moves of crude oil. Today, crude went down, and so did the currency. Nevertheless, the loonie managed to outperform the yen, which tumbled even harder.

Falling Canadian Dollar Gets Help from Crude Oil

The Canadian dollar was falling on Wednesday due to domestic macroeconomic data and the general negative sentiment among Forex market participants. The currency managed to rebound with the help of rising prices for crude oil, though, and is trading not far from the opening level at the start of Thursday’s session.

Helpful Fundamentals Make Australian Dollar Stronger

The Australian dollar climbed today thanks to helpful fundamentals, like the rise of crude oil prices and the weakness of the US dollar.

Canadian Dollar Goes Higher with Help of Crude Oil & Brexit Outlook

The Canadian dollar rallied today with the help of rising prices for crude oil and the positive general market sentiment that was beneficial to commodity-linked currencies.

Canadian Dollar Doesn’t Join Rally vs. US Dollar

Most currencies rallied against the US dollar after the Federal Reserve’s policy announcement, but the Canadian dollar did not join the parade. The explanation for this is simple: prices for crude oil fell and dragged the Canadian currency along with them.

Canadian Dollar Attempts to Recover After Falling on Monday

The Canadian dollar fell on Monday, following the drop of crude oil prices, though the currency is trying to recover during early Tuesday’s trading.

CAD Rises on Employment Data, Loses Gains on Crude Oil Drop

The Canadian dollar jumped after the positive employment report but has started to go back down immediately afterwards. The currency preserved its gains versus the euro but lost them against the US dollar and the Japanese yen.

CAD Falls vs. USD & EUR, Gains on JPY

The Canadian dollar fell against the US dollar and the euro today, though currently it is trying to reverse losses against the former. The loonie fared far better against the yen, gaining on the Japanese currency.

Aussie Falls amid Detrimental Fundamentals

The Australian dollar fell today as fundamentals were not helpful to riskier currencies linked to commodities and economic growth.

Greenback Trades Lower as Dollar Index Falls

There’s a decent amount of downward pressure on the greenback right now, and the dollar index is falling. Greenback is trading lower against its major counterparts and is mostly lower against other currencies today.

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