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Canadian Dollar Drops Following Prices for Crude

The Canadian dollar dropped on Monday, ignoring positive domestic data, as prices for crude oil retreated. Speculations about monetary tightening from the US Federal Reserve were the main perpetrator in the drop.

Canadian Dollar Little Changed After Thursday’s Rally

The Canadian dollar was little changed at the start of the Friday’s trading session after rallying against the US dollar and the Japanese yen on Thursday. The rally was caused by the rise of crude oil prices.

Loonie Mixed Despite Supportive Fundamentals

The Canadian dollar climbed against its US peer but dropped against the euro and the Japanese yen despite the support from rising oil prices and manufacturing sales.

Loonie Continues to Recover From Last Week’s Plunge

Canadian dollar is still recovering from last week’s rather large plunge against major currencies. Loonie is higher today against its major counterparts, even though there are still concerns about the Canadian economy and some commodities are still struggling.

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.

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