Canadian Dollar Advances As Oil Prices Gain

RTTNews | 16 ชม. 35 นาทีที่ผ่านมา
Canadian Dollar Advances As Oil Prices Gain

(RTTNews) - The Canadian dollar climbed against its major counterparts in the New York session on Monday, as oil prices rose after OPEC+ agreed to push back its December production increase by at least a month, prioritizing price support over regaining market share.

Crude for December delivery rose $1.68 to $71.17 per barrel.

The group led by Saudi Arabia and Russia was supposed to begin a series of monthly production increases by adding 180,000 barrels a day from December.

Now, the decision has been postponed due to recent pressure on prices from weak demand growth, especially in China and Europe.

Oil prices also remain supported by persisting Middle East tensions and expectations of China's fiscal stimulus.

Iran's Supreme Leader Ayatollah Ali Khamenei has vowed that Israel and the U.S. would face a "teeth-breaking response" for their actions against the country.

The Wall Street Journal reported that Iran is planning a complex attack on Israel, which may include missiles with high-powered warheads.

The loonie edged up to 0.9146 against the aussie and 1.5117 against the euro, from an early 10-day low of 0.9205 and more than a 2-month low of 1.5170, respectively. The currency is poised to challenge resistance around 0.90 against the aussie and 1.49 against the euro.

The loonie touched 1.3875 against the greenback, setting a 10-day high. If the loonie rises further, it is likely to test resistance around the 1.36 region.

The loonie rebounded to 109.56 against the yen, off an early low of 109.00. The currency is likely to locate resistance around the 110.5 level.

read more
U.S. Dollar Falls Ahead Of U.S. Presidential Election

U.S. Dollar Falls Ahead Of U.S. Presidential Election

The U.S. dollar weakened against other major currencies in the Asian session on Monday, as traders remain cautious amid the uncertainty over the U.S. election outcome, lingering geopolitical tensions in the Middle East and the U.S. Fed's monetary policy announcement later in the week.
RTTNews | 1 วันที่ผ่านมา
U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Monday.
RTTNews | 1 วันที่ผ่านมา
Yen Rises After BoJ Keeps Key Rate Unchanged

Yen Rises After BoJ Keeps Key Rate Unchanged

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, after the Bank of Japan left its key interest rate unchanged as widely expected on Thursday and retained a cautious approach as political instability and looming U.S. presidential election added concerns about economic outlook.
RTTNews | 5 วันที่ผ่านมา
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 5 วันที่ผ่านมา
U.S. Dollar Retreats As GDP Growth Slows

U.S. Dollar Retreats As GDP Growth Slows

The U.S. dollar pulled back against its major counterparts in the New York session on Wednesday, as a slowdown in GDP growth outweighed optimism about strong ADP data.
RTTNews | 5 วันที่ผ่านมา
Commodity Currencies Extend Slide Amid Risk Aversion

Commodity Currencies Extend Slide Amid Risk Aversion

The Commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars extended its weakness against major currencies in the Asian session on Wednesday amid risk aversion, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the U.S. Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets.
RTTNews | 6 วันที่ผ่านมา