The Canadian dollar traded higher against most major opponents on Friday, as oil prices moved up on concerns over possible disruption in oil supplies amid escalating violence in Iraq. Crude oil for July delivery rose $0.19 to $106.72 a barrel. After capturing Iraqi cities, Mosul and Tikrit, Jihadists aligned with the Islamic State of Iraq
The dollar was mostly weaker Friday as tame U.S. producer price inflation data diminished expectations the Federal Reserve will raise interest rates this year. Concerns about escalating violence in Iraq boosted the dollar’s safe have value, but traders were reluctant to make any big moves. President Barack Obama said the U.S. will not be putting
Following the release of Canada new housing price index for April at 8:30 am ET Thursday, the loonie showed mixed trading against its key counterparts. While the loonie changed little against the greenback, it ticked down against the rest of major currencies. The loonie was trading at 1.4695 against the euro, 1.0860 against the greenback,
The U.S. dollar bounced off from its prior lows against its major rivals in New York deals on Friday. The greenback rose to 102.60 against the yen and 1.6780 against the pound, off early 4-day low of 102.11 and a 10-day low of 1.6844, respectively. The greenback recovered to 1.3620 against the euro from an
The dollar gave back early gains versus the euro on Thursday, falling from 4-month highs despite unprecedented easing measures by the European Central Bank. The ECB cut its central refi refinancing rate to 0.15 percent, from 0.25 percent previously. They also lowered the rate at which the central bank pays commercial banks for depositing their
