Crude Oil — News Archive


Canadian Dollar Soft Under Pressure from Trade War Fears

The Canadian dollar fell against major currencies today, joining other commodity currencies in decline. The main theme on Monday was the escalating threat of trade wars between world’s major economies.

Canadian Dollar Ends Week Soft, Hurt by Trade War Threat

The Canadian dollar ended the week soft, mainly due to risk aversion caused by the threat of trade wars. Underwhelming domestic macroeconomic data hurt the Canadian currency for a short while, but it recovered quickly.

Canadian Dollar Drops on Trade War Fears, Falling Crude Oil

The Canadian dollar fell against its major rivals on Tuesday amid concerns about trade wars between the United States and their allies, Canada being one of them. The drop of crude oil added to the currency’s woes.

Loonie Unable to Maintain Rally Despite Supportive Fundamentals

The Canadian dollar fell today after rallying intraday. That was surprising, considering that fundamentals looked extremely supportive for the currency.

Japanese Yen Weak Across the Board

The Japanese yen was weak across the board today. Analysts provided various possible reasons for the currency’s extremely poor performance.

Canadian Dollar Mixed-to-Lower Despite Strong Rally of Crude

The Canadian dollar traded mixed-to-lower today. With lack of any macroeconomic releases during the Monday’s trading session, traders turned their attention towards future releases. The rally of crude oil prices had limited impact on the currency.

Canadian Dollar Mixed amid Clashing Fundamentals

The Canadian dollar was mixed today, rising against some currencies and falling versus others. The possible reason for that were clashing fundamentals, which did not provide a clear direction to the loonie.

Canadian Dollar Rallies with Crude Oil, Not Bothered by Mixed Data

The Canadian dollar gained on most of its major peers on Tuesday. While Canada’s economic data was mixed, the silver lining for the currency was the rally of crude oil prices.

Canadian Dollar Gains amid Hopes for NAFTA Deal

The Canadian dollar jumped against its rivals today on optimism about the NAFTA deal and as prices for crude oil, Canada’s main export commodity, rebounded after yesterday’s slump.

Canadian Dollar Reverses Rally, Follows Crude Oil in Decline

After rallying earlier today, the Canadian dollar fell against its most-traded peers, following the slump of crude oil prices.