Crude Oil — News Archive


Australian Dollar Holds Ground During Friday’s Session

The Australian dollar held its ground against some rivals (like the US dollar) and managed to gain on the others (like the euro) during the Friday’s trading session.

Canadian Dollar Ends Week Higher Against Most Rivals

The Canadian dollar gained against its most-traded rivals over the week with the help of crude oil rally caused by the surprise announcement from the Organization of Petroleum Exporting Countries.

Canadian Dollar Goes Lower After Two Days of Gains

The Canadian dollar fell on Thursday after two days of gains and maintained its weakness during the Asian trading hours on Friday.

Canadian Dollar Maintains Rally Caused by OPEC Decision

The Canadian dollar was rising during the Asian trading session on Thursday, managing to maintain the rally it started on Wednesday. The rise of the currency was caused by the news about a surprise decision by the Organization of Petroleum Exporting Countries to limit its crude oil production.

Dollar Flat vs. Rivals, Down vs. Commodity Currencies

The US dollar was mostly flat against its most-traded rivals with the exception of commodity currencies which got a boost from the surprise news from the Organization of Petroleum Exporting Countries. The New Zealand dollar failed to join the rally of other commodity-related currencies, maintaining its weakness.

Canadian Dollar Struggles to Keep Gains

The Canadian dollar was attempting to move lower on Wednesday after showing a decent performance on Tuesday despite the drop of crude oil prices.

Canadian Dollar Falls on Monday, Rally of Crude Oil Doesn’t Help

The Canadian dollar fell against its major peers on Monday despite the rally of Canada’s most important export commodity — crude oil.

Future Does Not Look Bright for Canadian Dollar

There are plenty of factors that could impact the performance of the Canadian dollar this trading week. Unfortunately for the currency, most of them are negative. Let’s look at the most important of them.

Canada Settles Flat on Monday

The Canadian dollar was little changed during the Asian trading session after closing almost flat at the end of the Monday’s session. As usual, the currency was following moves of crude oil, which this time has not been able to help the loonie in determining its trend.

Canadian Dollar Loses Ground as Crude Oil Slumps

The Canadian dollar was steady by the end of the previous trading session but lost its ground during the current session, falling along with crude oil prices. The currency dropped about 1% against the US dollar and the euro. It also declined for the third straight session versus the Japanese yen.