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.
Hello to every body, it’s my first pay a visit of this webpage;
this website carries amazing and genuinely good material in favor of visitors.
excellent points altogether, you simply gained a emblem new reader.
What may you recommend about your post that you just made some days
ago? Any certain?
While choosing the one that is blush should get in for a color that
appears natural for their skin tone.
Go to Experience Flash’s official site and place your web order there.
Over time, your skin lightener can break the dim spot-on your skin down and turn it
back to affordable color.
There’s nothing more bothersome than reading all about a broker,
and going to their page only to be told that traders from your nation will not be accepted, for that reason we’ve done
the research and present the very best brokers readily available for you
to trade with.
Genes: our skin is simply normally pigmented, and Sometimes the fortune of the pull is not
so blessed.
The best attention item for this problem that is difficult is definitely Eyecing by Freeze 24-7.
You’ll find products that basically give the nutrients
to us that we require as aging people.
Nice post. I was checking constantly this blog and I’m impressed!
Very helpful information specifically the last part 🙂 I care for such
info a lot. I was seeking this certain info for a long time.
Thank you and best of luck.
Hi, yeah this paragraph is in fact pleasant and I have learned lot of things from it concerning blogging.
thanks.
Thanks for ones marvelous posting! I really enjoyed reading it, you will be a great author.I will remember to bookmark
your blog and definitely will come back later
on. I want to encourage you to definitely continue your great posts, have a nice
afternoon!
Heya i’m for the first time here. I came across this board and I
in finding It truly helpful & it helped me out a lot.
I am hoping to provide one thing back and help others such as you aided me.
I blog often and I truly appreciate your information. This great article has truly peaked my interest.
I am going to bookmark your site and keep checking for new
details about once a week. I opted in for your RSS feed as well.
Very nice post. I just stumbled upon your blog and wished
to say that I’ve really enjoyed surfing around your
blog posts. After all I’ll be subscribing to your feed and I hope you write again soon!
Its like you read my mind! You appear to know a lot about this, like you wrote
the book in it or something. I think that you could do with
some pics to drive the message home a little bit, but instead of that, this is magnificent blog.
A great read. I’ll certainly be back.
In case you have oily skin, without totally blow drying the skin the secret
is to get rid of unwanted fat.
Hey I am so grateful I found your web site, I really found you by accident, while I was
looking on Aol for something else, Anyways I am here now and would just
like to say thanks for a remarkable post and a all round
interesting blog (I also love the theme/design), I don’t have time to
go through it all at the moment but I have book-marked it and also included
your RSS feeds, so when I have time I will be back to read more, Please do keep up the
great work.
We can additionally use arguments to cross information between Caller and Subroutine.
As investigating, screening and reviewing brokers is our speciality, we have done the effort for you.
Use an oil- free moisturizing product comprising alpha-hydroxy acids to moisturize skin also to prevent white-heads.
At home quickly with natural skin tightening face
masks, you can get an all natural renovation.
Simply puts, a Binary Options Platform is just an options trading platform.
Hosted on premium hardware, in essentially the most safe information centre (our
own) the Cloud is clustered over multiple servers, with no single point
of failure.
It was made by combining materials which can be pure and artificial with a bit
of contact of precious and priced parts like gold, white gold,
or sterling silver.
A fragile immune system triggers indicators that include
climbing, rashes, tenderness, scratching, skin discoloration, cracking and crusting of skin,
and sometimes even bleeding.
I love that they modify their vary commonly. They have four vogue collections and a pair of Classic collections every year.
You’ll find ones that look identical to the unique however can price as
much as 75% much less.
Effectively, if you happen to wish to make cash from an internet site,
there are some fundamental ideas that you need to know.
Alpha hydroxy acids are normal fruit chemicals,
which will be particularly with the capacity of lightly exfoliating your cosmetic skin.
French women know they appear good from the within out.
The elegance of Danon Jewellery as a Mother’s Day reward is that Danon have an array of things inside their assortment to match all pockets.
This is very important in case either the recipient does not prefer it or if something occurs where you select to not give it to them.
Know the distinctions between sorts of stone you
might be shopping for along with your jewellery.
There are three different types: natural, natural and artificial.
Natural and artificial gems are actual stones,
while an imitation gemstone is just a plastic mould made to seem like a gemstone.
Whats up!
This eye-catching range of residence accessories has us all in a flutter!
So whereas some of it might not appear clearly helpful
it’s going to nonetheless reflect part of my journey.