The Canadian dollar weakened against the other major currencies in the Asian session on Friday as oil prices declined, extending the brutal recent losses amid rising U.S. inventories.
Crude oil for January delivery are currently down $0.18 to $34.77 a barrel. Oil futures settled below $35 a barrel for the first time in six years Thursday.
“At 490.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of the year in at least 80 years,” said the Energy Information Administration yesterday.
Moreover, the Federal Reserve’s interest rate hike on Wednesday also weighed on the price of oil due to the dollar’s strength and fears that higher interest rates will weaken demand.
Meanwhile, the U.S. Labor Department released a report on Thursday showing a pullback in initial jobless claims in the week ended December 12th. The report said initial jobless claims fell to 271,000, a decrease of 11,000 from the previous week’s unrevised level of 282,000. Economists had expected jobless claims to pull back to 275,000.
Thursday, the Canadian dollar fell 1.00 percent against the U.S. dollar and 0.84 percent against the yen. Meanwhile, the loonie rose against the euro and held steady against the Australian dollar.
In the Asian trading, the Canadian dollar fell to a 4-day low of 87.74 against the yen, from yesterday’s closing value of 87.93. The loonie may test support near the 86.00 region.
Against the U.S. and the Australian dollars, the loonie dropped to 1.3954 and 0.9946 from yesterday’s closing quotes of 1.3936 and 0.9932, respectively. If the loonie extends its downtrend, it is likely to find support around 1.40 against the greenback and 1.00 against the aussie.
The loonie edged down to 1.5127 against the euro, from yesterday’s closing value of 1.5085. On the downside, 1.52 is seen as the next support level for the loonie.
Looking ahead, Eurozone current account data for October is due to be released at 4:00 am ET.
Also at 4 am ET, Austrian central bank chief Ewald Nowotny is expected to speak at press conference on Financial Stability Report, in Vienna.
In the New York session, Canada wholesale sales data for October and CPI data for November and Markit’s flash U.S. PMI reports for December and U.S. Baker Hughes weekly rig count data are slated for release.
At 1:00 pm ET, Richmond Federal Reserve Bank President Jeffrey Lacker is due to speak about the economic outlook for 2016 at the Charlotte Chamber of Commerce.
Durch den Einsatz modernster Technik werden zudem lange Ladezeiten vermieden, so dass Du immer schnell und ohne lange Wartezeiten an den Porno Deiner Wahl gelangst.
The sex and erotica flatrate in Berlin’s biggest flat rate brothel Caligula gives you 7 days a week unlimited sex pleasure in Berlin, Germany.
Hier findest Du Sex Kontakte für nette Treffen vielleicht mit Sex Dating und zum schnellen kennenlernen.
Worthwhile info as well as outstanding design you’ve got here! I want to thank you for sharing your good ideas and putting the time into the stuff you publish! Excellent work!
Many thanks for sharing. I’m fascinated with your website. I will publish this to my facebook wall.
However, the crowd is too thick for real dancing; hence, the devotees merely sway or jump as they wait for their turn to pick a flower or rub their handkerchiefs against the wooden statue of Sta. Sears can’t wait for Easter and is giving us all a chance to save on new Easter styles for the big day. They are very materialistic, high maintenance (the females); love to be the center of attention; make great leaders, are very popular; generous, hospitable, possess much energy and drive; very self-confidant; friendly, honest, and loyal. The tradition of buying a new dress for Easter was falling into the Marxist trap of class warfare for some. In this guide, we will take a look at five really great Photoshop brushes you can use for your Easter projects. Mason had on navy blue loafers with his white shirt and pants. Receive email alerts when new articles by Jolie are available.
I had been honored to receive a call from a friend as he found the important guidelines shared on the site. Browsing your blog post is a true wonderful experience. Thanks again for thinking of readers like me, and I wish you the best.
You can certainly see your skills in the work you
write. The arena hopes for more passionate writers like you who aren’t afraid to say how they believe.
At all times follow your heart.
Hello! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no data backup. Do you have any methods to prevent hackers?
Shields are helpful adequate that you may perhaps even want to voluntarily move your town hall out into the open you will lose trophies and some sources, but normally the quantity of security time you get out of it is worth it. If you get truly itchy for battle, remember that Clan Wars do not influence your shield timers at all.