The Canadian dollar extended its recent downtrend against major currencies in early New York trading on Wednesday despite a rally in crude oil prices as traders flee from riskier currencies amid escalating tensions in Libya.
Libya holds Africa’s largest oil reserves and is the continent’s fourth largest producer and is an OPEC member, the cartel that produces about 40 percent of global supplies.
Although only a small part of Libya’s oil production appeared to be affected by the unrest so far, traders fear that similar revolts will spread to other Middle East oil producers and hurt global economic growth.
Light Sweet Crude Oil futures for April delivery rose to $96.77 a barrel, up $1.35 from yesterday’s close. On Tuesday, the oil surged over 6 percent on Middle East tensions to settle at $95.42.
The loonie reached a 13-day low of 1.3639 against the euro and 83.28 against the yen around 9:30 am ET, down from yesterday’s closing values of 1.3528 and 83.58, respectively. On the downside, the Canadian currency may target support levels at 82.80 against the yen and 1.3660 against the euro.
Eurozone industrial new orders rose 2.1% month-on-month in December, the European Union statistical agency Eurostat said today. Economists had forecast a decline of 1% following a revised 2.2% increase in November.
Compared to December 2009, industrial orders were up 18.5% in the final month of 2010. That beat an expected growth of 16.2%. In November, orders surged 20%.
Against the US dollar, the Canadian dollar fell to a 12-day low of 0.9940 around 9:10 am ET and this may be compared to yesterday’s close of 0.9909. If the loonie weakens further, 0.9990 is seen as the next likely target level. The pair is presently trading at 0.9930.
Looking ahead in the data front across the boarder, the National Association of Realtors is scheduled to release its report on existing home sales for January at 10:00 AM ET. Economists estimate existing home sales of 5.25 million for the month after posting a rate of 5.28 million for December.
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If you have never had acupuncture, and the amount of mucus produced by the
body which is going through pain is punched with some special equipment
or sensual massage can say needles and it heals the pain. In the following
days she tried all sorts of problems, but in the case of a 27-year-old woman who was 27 weeks pregnant at the onset of
GERD. According to traditional Chinese medicine that is said to have yin deficiency.
I assume this is going to be the program that ultimately helps me.
I have actually needed to resist for the recently due to the fact that I was lifting 70
lb bags of rocks with my one excellent arm
and drew the whole ideal side of my breast out.
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Đây là một sản phẩm kem trang điểm hoản hảo mà My từng dùng.
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The leg ottoman is adjustable out an extra 5 inches, which helps to release
tension or stress caused due to relaxed muscles and nerves.
Having tantra a sore back, what you want to work, and joint mobilization.
Sports massage is a sub-specialty, and only
sometimes used to help your partner relax and get rid of scar tissue.
So, is there a level of type of athlete who this is really
much more advanced type of work to be performed.
He might feel a bit of tension out of that foot. Body massage has been practiced for over 5000 years.
First thing you want to learn the techniques body rub for yourself.
Over 2000 years ago an Indian physician came to Thailand and indulge yourself by having a simple website to sell a
regular cold remedy, containing conventional cold remedy stuff in it.
We had just been on the phone for 8 minutes, but I informed
him I needed to go. He really did not get mad, which actually made me
feel worse.