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Canadian Dollar Strengthens on Booming Real Estate, Higher Energy Prices

The Canadian dollar strengthened on Tuesday thanks to positive real estate market numbers and higher energy prices. The loonie also bounced back against its US counterpart on the threat of an economic collapse in Turkey that could seep into other emerging markets.

Chinese Yuan Weakens on Lira Crisis, Rallying Stocks

The Chinese yuan is weakening on Monday, hurt by the Turkish lira crisis and a rallying stock market. Investors have also combed through recent remarks by the People’s Bank of China (PBOC) about refusing to use the currency as a tool in its trade dispute with the US.

Turkish Lira Rattles Global Financial Markets As Currency Crashes 20%

The Turkish lira cratered more than 20% on Friday after the US government announced it was doubling its tariffs on the country’s steel and aluminum exports. The collapse in the lira sent shockwaves throughout global financial markets, prompting the European Central Bank (ECB) to warn major European banks about being exposed to the Turkish economy.

Canadian Dollar Receives Support From Higher Crude Prices, Weaker Greenback

The Canadian dollar is trading higher on Tuesday, finding support from rising crude oil prices and a lower US dollar. The loonie has risen to its best level in eight weeks against the greenback, and it could add to its gains on reports that an updated North American Free Trade Agreement (NAFTA) proposal has been submitted.

US Dollar Emerges as Second Strongest Currency on Thursday

The US dollar gained today, emerging as the second strongest currency on the Forex market (losing only to the extremely strong yen), amid escalating trade tensions between the United States and China.

Chinese Yuan Depreciates As Economy Weakens, Manipulation Concerns Linger

The Chinese yuan weakened against the US dollar and a basket of currencies on Tuesday. Despite some modest gains in July, the currency is still hovering around a 13-month low, leaving many traders and world leaders wondering if Beijing is manipulating the yuan.

Canadian Dollar Gains on ‘Absolutely Amazing’ NAFTA Talks, Higher Oil Prices

The Canadian dollar is rallying to start the trading week, benefiting from reported progress in North American Free Trade Agreement (NAFTA) negotiations and higher energy prices. The loonie may tumble later in the week as the US central bank completes its Federal Open Market Committee (FOMC) policy meeting that could signal a September rate hike.

Euro Drops Against Peers on Draghi Speech and ECB Rate Decision

The euro today headed lower after the European Central Bank‘s interest rate decision and the press conference following the announcement. The euro gave up most of yesterday’s gains that were triggered by President Donald Trump‘s decision to remove the pre-announced tariffs on car imports from the EU.

Canadian Dollar Jumps to Six-Week High as US Oil Inventories Decline

The Canadian dollar rallied to a six-week high on Thursday after the US government reported a bigger-than-expected decline in crude oil inventories. The loonie may also find direction in several key US economic reports, as well as President Donald Trump’s recent meeting with European Union (EU) Commission President Jean-Claude Juncker.

Euro Rallies Slightly on German IFO Survey Ahead of EU-US Trade Talks

The euro today rallied higher following the release of the German IFO survey in the early European session, which beat expectations slightly. The pair’s upside was largely limited by the impending trade talks between the USA and the European Union delegation in Washington scheduled for later today.

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