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.
Thanks for any other informative web site. The place else could I am getting that kind of information written in such an ideal manner? I have a mission that I’m simply now working on, and I have been on the glance out for such information.
Organic cotton, hemp and jute are the main fabric fibers used while the hardware used is nickle free. Fly London shoes and boots have truly captured this youthful enjoyment with all their styles. This was one of the best releases in 2011, known for its rich traditional look and a unique combination of colors and material.
This means that court proceedings must be issued within three years of you first being aware that you have suffered an injury. Attorneys who take care of these instances can start an investigation to identify the defect and create the liability of the maker of the product. Any negligence on part of the company due to faulty work environment, leading to serious personal injuries can be filed as compensation claims against the company.
In tough financial times, customer dedication to acquiring brand items commonly goes down in support of shop or even unbranded products As well as since customers are aware of that some shop brand names are really national brands under the tag, they have much less resistance to trying store brand products.
There’s certainly a lot to know about this issue. I love all of the points you made.
I used to be able to find good information from your blog posts.
USB Drives are common and make it simple to move files from laptop to tablet or to share data with a classmate. A poker game that has a storyline and unique isometric adventuring, Governor of Poker 2 may serve the needs of people looking for some more contextual depth, explaining the poker & adventure based gameplay. With a built in chat-room and the ability to upload hi-scores, this The Sims based pinball machine gives user a great package.
Achievements is the goal achievement that you have to complete in the sport if you want to get Exp and also gems for totally free.
Right here are some guidelines on where to find the pond, how to keep it clean, pond liners, some plants, and aeration – all crucial elements to take into account when planning a pond.
Dispensing it is top 20 country songs, top 20 rock billboard uk songs, he also hoped to be gone You to be pretty freaky. It’s your choice, and if there’s one of the song which is probably the first week in February 2009.