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.
Furthermore, as heat goes up, the ceiling fan also helps the resident just as effectively in the winter. We should also look for sites which provide us ideas and new innovations. That’s why stylish furniture would be good here too.
Thank you for the good writeup. It in fact was a
amusement account it. Look advanced to more added agreeable from you!
However, how could we communicate?
Muitas meninas e até mesmo você, podem achar que
apenas conteúdo gratuito de maquiagem que encontram por aí na web irão ajudá-la à torná-la uma maquiadora profissional
de sucesso, fato é que pode até tornar, mas que elas esquecem é
que conteúdo na internet não está organizado e tão pouco
certificado e com alto nível de satisfação de quem assistiu.
Way cool! Some extremely valid points! I appreciate you penning this write-up plus the rest of the site is really good.
Los métodos anticonceptivos dejaron de ser un tabú para los demás hace un buen tiempo, que
no lo sigan siendo para ti.
Più il livello di questo ormone è basso, più si riduce la possibilità dell’insorgenza del tumore.
I appreciate, result in I discovered just what I used to be looking for.
You have ended my 4 day lengthy hunt! God Bless you man. Have a nice day.
Bye
First of all I want to say superb blog! I had a quick question which I’d like to ask if you
do not mind. I was interested to find out how you center yourself and clear your head prior to writing.
I have had a hard time clearing my thoughts in getting my thoughts out.
I do enjoy writing however it just seems like the first 10 to 15 minutes are lost just trying to figure out how to begin. Any ideas or hints?
Many thanks!
A Big Lead to of Tinnitus – As tension & anxiousness is claimed to be a major contributing aspect & lead to of tinnitus it would pay out the tinnitus sufferer to embark on a stress administration application in conjunction with getting a lipoflavonoid supplement that would give the ear with the accurate nutritional vitamins to remedy this affliction. When the mucus is not drained, it accumulates and brings pressure to your middle ear, preventing you from hearing properly and sometimes producing sounds that aren’t really there. Patients should implement for it and it truly is proposed that they already be below the consideration of a physician, however the grant is for $1500.
Its essential clients and also their loved ones do their very own research study
and even seek an expert who focuses all or a large part of his/her practice on dependency therapy.