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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.

Canadian Dollar Supported by Strong Rally of Crude Oil

The Canadian dollar was little changed against its US counterpart and gained on other most-traded rivals thanks to the strong rally of crude oil — Canada’s most important export commodity.

Loonie Extends Decline After Underwhelming Wholesale Sales

The Canadian dollar attempted to rise in the Tuesday session but failed and backed off. The currency extended its decline following the release of underwhelming wholesale sales data.

US Dollar Edges Lower as Political Tensions Reduce Appetite for Risk

The US dollar moved lower against the euro on Monday amidst light trading, as traders’ appetite for the greenback weakened due to growing political tensions in the United States. The US currency also dropped against Canada’s dollar, despite lower Canadian wholesale sales than expected in June.

Canadian Dollar Gains as Wholesale Sales Rise to Record

The Canadian dollar rose today thanks to the surprisingly good wholesale sales reading, which increased chances for monetary tightening from the Bank of Canada.

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