Saturday, January 11

Tag: Loonie

Dec292024 by adminNo Comments
Canadian Dollar continues its lukewarm position on Friday

Canadian Dollar continues its lukewarm position on Friday

Business
The Canadian Dollar evaluated back into current lows and had a hard time to discover gains. Canada's financial information docket stays exceptionally thin in the near term. Policy rate divergence is set to be the Loonie's main motorist heading into 2025. The Canadian Dollar (CAD) continued its soft position on Friday, reducing into familiar near-term lows and shedding one-quarter of one percent versus the United States Dollar. The Loonie is getting in a lull duration with functionally no releases on the information docket in the instant future, leaving CAD traders to fight it out near multi-year lows. Following the midweek market closure for the Christmas vacation, a soft-footed market footprint stays ahead of the New Year's midweek vacation next Wednesday. Daily absorb market move...
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Dec132024 by adminNo Comments
USD/CAD holds above 1.4200 as hot United States PPI enhances United States Dollar

USD/CAD holds above 1.4200 as hot United States PPI enhances United States Dollar

Business
USD/CAD trades with moderate gains around 1.4215 in Friday's early Asian session. United States yearly PPI inflation increased to 3.0% YoY in November vs. 2.6% anticipated. Trump tariff dangers might weaken the Loonie, however greater petroleum rates may assist restrict its losses. The USD/CAD set posts modest gains to near 1.4215 throughout the early Asian session on Friday. The uptick of the set is strengthened by the firmer United States Dollar (USD) broadly after the hotter-than-expected United States Producer Price Index (PPI) inflation report. Information launched by the United States Bureau of Labor Statistics on Thursday revealed that the PPI for last need in the United States increased 3.0% YoY in November. This reading followed the 2.6% boost seen in October and can be fou...
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