The Canadian dollar traded higher against major opponents during New York morning trading on Wednesday as a drop in crude oil prices. The loonie climbed to a fresh multi-month high versus the euro, new multi-week highs against the yen and the Australian dollar. The official data showed today, crude oil inventories in the U.S. moved
Wednesday morning in Asia, the U.S. dollar strengthened against the currencies of Australia, New Zealand, U.K. and Europe as a slide in some Asian stocks on weaker commodity prices overnight boosted the safe-haven greenback. The dollar also gained as traders await ADP employment report and the ISM non-manufacturing data later in the day. Thus far
The dollar remained under pressure on the final day of 2010 Friday, as hopes for a sustained global economic recovery fueled appetite for riskier currencies. Later today, German leader Angela Merkel is expected to reaffirm Germany’s commitment to the euro and urge the nation to back the single currency. Germany is the backbone of the
The Canadian dollar edged sharply lower against its major rivals in early trading on Wednesday as crude oil retraced back from its recently hit multi-month peak level ahead of weekly crude oil inventories data. Light sweet crude oil for February delivery is presently quoted at $90.92 a barrel, down $0.57 a barrel from its previous
During European trading on Tuesday, the British currency edged down to a new record low against the Swiss franc. The pound also dropped to a new multi-month low against the yen and a fresh multi-week low versus the euro Extending Asian session downtrend, the sterling declined further against the euro in European deals today. At
