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Canadian Dollar Soft After Retail Sales Miss Expectations

The Canadian dollar was soft today, falling against other most-traded currencies, after domestic retail sales data disappointed traders. The losses were limited against most of the rivals, though, with the exception of the Japanese yen and the New Zealand dollar — the two strongest currencies on the Forex market during Friday’s trading.

Canadian Dollar Rallies Against US Peer, Falls on FOMC Minutes

The Canadian dollar today rallied slightly against the US dollar after the release of the mixed Canadian inflation data for July before losing its gains later. The USD/CAD currency pair then recouped its losses as the greenback recovered and rallied higher during the American session.

Canadian Dollar Flat As Retail Sales Collapse in April, Finds Support in Crude

The Canadian dollar is trading relatively flat against many of its currency competitors to finish the trading week. The latest economic data showed just how severe the coronavirus pandemic lockdown was to the Great White North, but the increase in crude oil prices helped limit any of the loonie’s losses.

Canadian Dollar Rallies on High Oil Prices and Mixed Macro Data

The Canadian dollar today rallied higher against its US peer driven by high crude oil prices before the release of multiple fundamental reports from the Canadian docket. The USD/CAD currency pair today fell as the loonie rallied higher against the much weaker greenback amid a risk-on market environment as investors remain hopeful about the future.

Loonie Falls Against US Peer on Weak Oil Prices Despite Fed News Spike

The Canadian dollar today spiked higher against the US dollar after the Federal Reserve announced massive quantitative easing measures causing the greenback to fall. The USD/CAD currency pair fell briefly before recouping its losses and heading higher as the dollar recovered and the Loonie was weighed down by weak crude oil prices.

Canadian Dollar Flat on Lower Weekly Earnings, Drop in Wholesale Sales

The Canadian dollar is trading relatively flat against most currency rivals on Thursday as traders digest the newest data that offer a mixed portrait of the national economy. The modest gain in crude oil prices could not lift the loonie higher toward the end of the trading week.

Canadian Dollar Dips As Agriculture, Energy Affected by CN Rail Disruption

The Canadian dollar is trading slightly lower against multiple currency rivals on Tuesday following recent wholesale data. The loonie has been under threat in recent sessions as several Canadians industries are crippled by a work stoppage at the nation’s largest rail company, which has impacted the agriculture and energy sectors.

Canadian Dollar Strengthens on Wholesale Data, Energy Prices

The Canadian dollar is strengthening midweek as wholesalers recorded their fastest two-month gain in about four years and crude oil prices continued their bullish ways. The loonie’s gains were capped on the accelerating diplomatic and economic fallout between Canada and China.

Canadian Dollar Weakens as US-China Trade War Overshadows Upbeat Data

The Canadian dollar is weakening against several major currency rivals as investor fears over the escalation in the US-China trade war overshadowed upbeat economic data. Despite the disappointing performance midway through the second quarter, the loonie is still in positive territory on the year.

Canadian Dollar Falls on Poor Macroeconomic Data, Market Sentiment

The Canadian dollar fell against its most-traded peers today after the release of negative macroeconomic data and as the market sentiment soured on worsening global growth projections.

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