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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.

Australian Dollar Bounces After Falling Intraday

The Australian dollar was down intraday but has bounced as of now even though Australia’s macroeconomic data was rather detrimental to the currency.

Canadian Dollar Gains as Oil Tops $50 a Barrel

Canadian dollar is higher against its major counterparts today as oil prices gain ground. Also helping the loonie is the upbeat economic forecast from the Bank of Canada. There seems to be a lot of loonie-positive news, and that is fueling demand in Forex trading.

NZ Dollar Higher with Help from Domestic Data & Crude Oil

The New Zealand dollar rose today thanks to the positive domestic data and the rebound of prices for crude oil.

Canadian Dollar Kicks Off Week with Decline

The Canadian dollar was demonstrating a poor performance during the Monday’s trading session. It is hard to be surprised by this turn of events considering the noticeable decline of prices for crude oil.

Loonie Rallies Against Major Currencies as Oil Rises

Canadian dollar is heading higher today, gaining ground against its major counterparts as oil prices continue to recover to some degree. There are expectations for more loonie weakness in the future, but for now the currency is ahead.

Canadian Dollar Tumbles amid Crude Oil Sell-Off

The Canadian dollar fell more than 1% against its major counterparts today as the sell-off of crude oil hurt the commodity-linked currency while poor economic data from China gave traders even more incentive to avoid currencies related to raw materials.

Higher Oil Prices Help Canadian Dollar

Canadian dollar is getting a boost today, reaching its highest level against the US dollar in about nine months, and gaining against some of its other counterparts as well. Higher oil prices are providing support to the loonie today.

Oil Gives Canadian Dollar a Bump

Canadian dollar is getting a bit of a bump against its major counterparts today, thanks in large part to higher oil prices. With oil prices gaining again, that is helping the loonie, and should provide some support for the economy, although more swings are likely.

Australian Dollar Gains amid Confused Market Sentiment

Commodity currencies were mixed today as disappointing earnings of US companies did little to help in buoying the investors’ sentiment, but the rally of crude oil was lending support. The Australian dollar was the strongest among most-liquid commodity currencies, gaining on its major rivals.

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