The dollar rallied on a turbulent day in the markets Thursday, as a global run from risk gave the reserve currency a modest boost. Measured against a basket of major counterparts, the dollar jumped to its highest level since July 19, taking back steep recent losses. Stocks were hammered and commodity prices tumbled amid mounting
The Canadian dollar weakened against its major rivals on Wednesday morning in New York as crude oil, Canada’s largest export, fell to its lowest level in more than 5-weeks amid demand concerns. Light Sweet Crude Oil (WTI) futures for September delivery were down $1.77 to $92.02 a barrel. Yesterday, oil ended at a five-week low
The Canadian dollar edged lower in early New York deals on Tuesday as crude oil, Canada’s biggest export, is approaching $94 per barrel as traders fret over demand growth amid global economic concerns. Light Sweet Crude Oil (WTI) futures for September delivery were down $0.63 to $94.26 a barrel on demand concerns as slowdown in
The dollar set new record lows versus the yen and Swiss franc on Monday, as ongoing debt concerns led to increased appetite for safe haven assets. The dollar finally extended an all-time low from back in March against the yen, falling through support despite signs that Congress will approve a measure raising the nation’s debt
The US dollar traded lower against major opponents after the releasing of GDP data in New York morning trading on Friday. The greenback dropped to a record low against the Swiss franc, a 2-day low versus the euro, a new multi-week low against the pound and a fresh multi-month low versus the yen. The U.S.
