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.
Straight North is a digital Internet advertising and marketing company that gives corporations throughout the U.S. with a wide range of online advertising services, corresponding to seo, pay-per-click on management, show advertising and email advertising. Specific search engine optimisation companies embrace keyword research, on-site optimization, content material marketing and hyperlink building. The firm’s display advertising providers include retargeting, contextual concentrating on and site focusing on. Straight North additionally provides Web design and growth services.
La aparición del teatro moderno, puesto que, se caracterizó por su absoluta libertad
de planteamiento mediante el diálogo con formas tradicionales y las nuevas posibilidades técnicas darían sitio
a una singular transformación del arte teatral.
Hi there! This post couldn’t be written much better! Looking at this article reminds me of my previous roommate! He continually kept preaching about this. I am going to send this post to him. Pretty sure he’ll have a very good read. Thank you for sharing!
It’s really a great and helpful piece of info. I’m satisfied that you
shared this helpful information with us. Please keep us up to date
like this. Thanks for sharing.
The finish dries slower than most water-primarily based ground finishes, making it simpler to make use of.
You need to be a part of a contest for one of the finest websites online. I will highly recommend this website!
I will right away grab your rss as I can’t to find your email subscription hyperlink or e-newsletter service. Do you’ve any? Kindly allow me know in order that I may just subscribe. Thanks.
Good day I am so happy I found your weblog, I really found you by accident, while I was browsing on Bing for something else, Regardless I am here now and would just like to say thanks a lot for a fantastic post and a all round thrilling blog (I also love the theme/design), I don’t have time to look over it all at the moment but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the awesome jo.
Wow! At last I got a website from where I know how to truly obtain valuable information concerning my study and knowledge.
I like the helpful information you provide for your articles. I’ll bookmark your blog and test once more here frequently. I am relatively sure I’ll be told many new stuff right right here! Good luck for the next!