Loonie Climbs After Canada Inflation Data
(RTTNews) - Canada inflation data for May has been released at 8:30 am ET Wednesday. After the data, the loonie rose against its major counterparts.
The loonie was trading at 1.3653 against the euro, 104.73 against the yen, 0.8949 against the aussie and 1.2978 against the greenback around 8:31 am ET.
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Canadian Dollar Rises Against Majors
The Canadian dollar strengthened against other major currencies in the Asian session on Wednesday.
The Canadian dollar rose to more than a 4-1/2-month high of 0.8943 against the Australian dollar, from yesterday's closing value of 0.8955.
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Antipodean Currencies Slide Ahead Of Christmas Day Holidays
The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Monday, as traders seemed reluctant to make more significant moves amid what is likely to be a quiet week due to the Christmas Day holidays.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Monday.
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U.S. Dollar Drops After Soft PCE Inflation Data
The U.S. dollar declined against its major counterparts in the New York session on Friday, as a slowdown in PCE inflation for November bolstered the prospect of slower pace of rate cuts by the Federal Reserve next year.
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U.S. Dollar Advances After Strong Economic Data
The U.S. dollar rose against its major counterparts in the New York session on Thursday, as better-than-expected economic data suggested that economy is on solid footing.
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Yen Falls As BoJ Keeps Policy Rate Unchanged
The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its key interest rates unchanged as policymakers were concerned about risks related to economic activity and prices.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Thursday.
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U.S. Dollar Climbs On Fed's Hawkish Tone
The U.S. dollar advanced against its major counterparts in the New York session on Wednesday, as the Federal Reserve cut interest rates by a quarter point but indicated fewer rate cuts than previously projected next year.
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