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- Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data
- Silver; White metal trading on a weaker footing this morning
- Gold: Yellow metal reverses it gains in the Asian session
- AUD/USD: Australia’s retail sales climbed in July
- USD/CAD: Loonie trading on a stronger footing this morning
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USD/CAD: Loonie trading tad lower this morning, following yesterday’s rise
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.1085. The Canadian Dollar advanced against the US Dollar as a rise in the prices of crude oil, Canada’s biggest export, … Continue reading
Posted in USD/CAD
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USD/CAD: Canadian economy to grow 2.25% in 2014: IMF
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.13% against the CAD to close at 1.1109, as traders reduced their positions in the greenback following the release of a disappointing manufacturing PMI data from the US. … Continue reading
Posted in USD/CAD
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USD/CAD: Canadian GDP rose in line with market expectations
USDCAD Movement On Friday, the USD declined 0.34% against the CAD to close at 1.1120. The Canadian Dollar advanced against its US counterpart after an official data revealed that Canada’s gross domestic product (GDP) rose 0.2% (MoM) in November, in-line … Continue reading
Posted in USD/CAD
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USD/CAD: Trading above its MAs
USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.22% against the CAD to close at 1.1158. Economic reports out yesterday showed that the gross domestic product in the US rose 1.3% (QoQ) in the fourth quarter … Continue reading
Posted in USD/CAD
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USD/CAD: Greenback rose on Fed’s decision to further taper asset purchases
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.33% against the CAD to close at 1.1183, after the Federal Reserve officials unanimously agreed to cut further the stimulus program to $65 billion. The central bank left … Continue reading
Posted in USD/CAD
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USD/CAD: Loonie trading tad higher in the Asian session
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.27% against the CAD to close at 1.1146. The US Dollar edged higher after inspiring US consumer confidence data released yesterday. However, a separate report indicated that the … Continue reading
Posted in USD/CAD
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USD/CAD: Loonie trading just above its MA’s
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.48% against the CAD to close at 1.1116. The US Dollar continued its upward trend, despite data indicating that the sales of new US homes dropped more than … Continue reading
Posted in USD/CAD
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USD/CAD: Canadian inflation hits five-month high, however short of market expectations
USDCAD Movement On Friday, the USD declined 0.39% against the CAD to close at 1.1070. The Canadian Dollar rose after the data revealed that the Canadian inflation gained traction in December. The Statistics Canada indicated that the consumer price index … Continue reading
Posted in USD/CAD
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USD/CAD: Loonie trading marginally lower, ahead of domestic consumer inflation report
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CAD to close at 1.1113. On the economic front, retails sales in Canada rose 0.6% (MoM) in November, surpassing analysts’ call for a rise of … Continue reading
Posted in USD/CAD
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USD/CAD: BoC maintains its benchmark interest rate at 1.0%
For the 24 hours to 23:00 GMT, the USD rose 1.20% against the CAD to close at 1.1104. The Canadian Dollar declined against its US counterpart, the most in four years, after the Bank of Canada (BoC) kept its benchmark … Continue reading
Posted in USD/CAD
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USD/CAD: Loonie trading marginally higher ahead of BoC interest rate decision
USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.14% against the CAD to close at 1.0971. In economic news, the Statistics Canada reported that the nation’s manufacturing shipments rose 1.0% (MoM) in November, more than market … Continue reading
Posted in USD/CAD
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