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Canadian Dollar Mixed After Manufacturing Sales Demonstrate Surprisingly Big Drop

The Canadian dollar was mixed today, rising against some rivals, falling versus others, and staying flat against some. Fundamentals were negative to the currency, with an unexpectedly big drop in manufacturing sales and retreating prices for crude oil.

Canadian Dollar Firm As Crude Oil Rallies More than 1%

The Canadian dollar was generally strong on Monday, likely due to the rally of crude oil prices. The loonie often follows moves of the commodity because it is Canada’s biggest source of export revenue.

US Dollar Soft After Retail Sales Miss Expectations

The US dollar opened sharply higher against a range of other most-traded currencies today on the back of risk aversion. Currently, though, the greenback is weak due to retail sales missing expectations and geopolitical tensions.

Canadian Dollar Gains Ground Along With Oil

Canadian dollar is higher today, thanks in large part to the fact that oil prices are higher. Unrest in the Middle East might be providing some of the support for oil prices.

Loonie Drops, Even with Higher Oil Prices

Canadian dollar is heading lower today, despite the fact that oil prices are finally on the rise again. With so much risk aversion, the loonie is down in large part due to a desire to shore up with safe haven currencies as the markets struggle.

Candian Dollar Plunges Along with Oil Prices

Canadian dollar is heading much lower against most of its major counterparts, thanks in large part to the continuing drop in oil prices.

Loonie Surges Along With Oil

Canadian dollar is heading higher today, thanks to a surge in oil prices. Crude is on the rise after the Saudi strikes in Yemen, and that is helping the loonie against its major counterparts.

Loonie Remains Down Against Greenback

Loonie continues to fall against the greenback, even though oil is a little bit higher today. The Canadian dollar is doing better against European currencies, though.

Loonie Drops Against Greenback as Oil Prices Continue to Fall

Loonie is once again heading lower against the greenback, thanks in large part to oil prices. Even though the Canadian dollar is struggling against its US counterpart, though, it is gaining ground against European currencies. Concerns about what’s next in Europe, especially with sluggish Chinese data and policy statements coming tomorrow, are weighing on currencies across the pond.

Canadian Dollar Flat After Decline, Gains vs. US Dollar

The Canadian dollar traded sideways after it fell yesterday as crude oil declined on the Federal Reserve cut its US growth forecast. The currency attempted to rally against the US dollar.

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