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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.

Canadian Dollar Soft on Uneventful Day

The Canadian dollar was rather soft today, falling against most major currencies. The euro was an exception as the loonie traded flat versus the shared 19-nation currency.

Canadian Dollar Soft, Recovers vs. US Dollar

The Canadian dollar fell against other most-traded currencies today, though managed to recover versus the US dollar by now. The currency was under pressure from a range of negative factors, including falling prices for crude oil, trade tensions with the United States, and underwhelming domestic macroeconomic data.

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.

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