The Canadian dollar has been extending its yesterday’s gains against the currencies of Europe, Australia and Japan in Asian deals on Friday as crude oil price rose on Egypt worries.
The Canadian dollar strengthened to a 3-day high against the euro, 11-day high against the Aussie and more than a 3-week high against the yen. But the Canadian dollar traded in a tight range against the US dollar.
Egyptian President Mubarak surprised the markets yesterday by stating that he will stay in office until the September elections but will transfer some power to the country’s new vice president.
U.S. crude for March delivery gained 56 cents to $87.22 a barrel at 12:40 am ET.
The International Energy Agency (IEA) in its monthly Oil Market Report released yesterday revised up 2011 global oil demand by 120,000 barrels per day to 89.3 million barrels per day (mbd)
Separately, the OPEC in its monthly report said yesterday that world oil demand forecast to grow by 1.4 mbd to 87.70 mbd in 2011, citing stronger industrial output in the US and China.
The Canadian dollar gained against the currency of Europe in Asian deals on Friday. As of now, the loonie is trading at a 3-day high of 1.3508 against the euro with 1.336 seen as the next upside target level. At yesterday’s close, the euro-loonie pair was quoted at 1.3542.
The euro fell amid reduced expectations for an interest rate hike by the European Central Bank in the near future.
During Asian deals on Friday, the Canadian dollar advanced against the Japanese yen. The loonie-yen pair is currently trading at more than a 3-week high of 83.92, compared to Thursday’s close of 83.66. The next upside target level for the loonie is seen at 84.7.
The Canadian dollar strengthened against the Aussie in Asian deals on Friday. At present, the loonie is trading at an 11-day high of 0.9939 against the aussie and if the loonie climbs further, it may likely target the 0.985 level. The aussie-loonie pair closed yesterday’s trading at 1.00.
The Aussie slipped as the Reserve Bank of Australia Governor Glenn Stevens indicated today that interest rates in the nation would be stable in the forseeable future.
In Asian deals on Friday, the Canadian dollar traded in a tight range against the US dollar. The pair bounced between 0.995 and 0.996. The pair was worth 0.9955 at yesterday’s close.
Looking ahead, German final CPI and wholesale price index- both for January, French December current account and preliminary fourth quarter non-farm payrolls, U.K. January PPI are expected to influence trading in the upcoming European session.
Trade balance reports for December from U.S. and Canada and the University of Michigan’s preliminary consumer confidence report for February are slated for release in the North American session.
Creating a beat could be done through a simple five step approach.
On Labyrinth diet plans . simulated in your I composed it and make it next to each other.
But a few moments later you tell yourself: no, wait.
If you would like to get a great deal from this article
then you have to apply these methods to your won webpage.
I got what you mean, thanks for posting. Woh I am happy to find this
website.
Interesting content thank you! We think your content articles are excellent as well as hope
there’ll be more soon.
If some one wants expert view about blogging and site-building afterward i suggest him/her to pay a quick visit this website, Keep up the nice job.
Emotional element of the listener is needs . features where major characteristics can be seen. Absence of activity
causes obesity in many children this morning.
Hurrah! After all I got a webpage from where I
know how to genuinely take helpful facts concerning my study and knowledge.
First off I want to say great blog! I had a quick question which I’d like to ask if you do not mind.
I was curious to know how you center yourself and clear
your thoughts before writing. I’ve had a tough time clearing my thoughts in getting
my thoughts out. I do take pleasure in writing but it just seems like the first
10 to 15 minutes are wasted simply just trying
to figure out how to begin. Any ideas or tips? Kudos!
Very nice post, i certainly enjoy this wonderful website, keep posting.
Try to be able to bring hard cases on photo travel. I will acquire more
into websites in time. There is an effective way to to survive
much easier for you to take women on Facebook.
The whole planning is performed in means by which the photograph looks as if it recently been taken at random ,
. But it also requires an obvious understanding between you
and him. Instead, develop your own surroundings.
Hi, I do believe this is a great blog. I stumbledupon it 😉 I am going to return yet again since I book marked it.
Money and freedom is the greatest way to change, may you be rich and continue to
guide others.
You have made some decent points there. I checked on the net
to find out more about the issue and found most people will
go along with your views on this web site.
If you would like to grow your familiarity
only keep visiting this site and be updated with the newest news
update posted here.