Canadian Dollar Slides Against Majors
(RTTNews) - The Canadian dollar weakened against other major currencies in the European session on Friday.
The Canadian dollar fell to a 4-1/2-year low of 1.4070 against the U.S. dollar, from an early high of 1.4052.
Against the euro and the yen, the loonie slid to 2-day lows of 1.4848 and 110.73 from early highs of 1.4804 and 111.44, respectively.
The loonie edged down to 0.9095 against the Australian dollar, from an early high of 0.9068.
If the loonie extends its downtrend, it is likely to find support around 1.41 against the greenback, 1.51 against the euro, 109.00 against the yen and 0.92 against the aussie.
read more
U.S. Dollar Advances Amid Trump's Tariff Threats
The U.S. dollar firmed against its most major counterparts in the New York session on Friday amid concerns about President Donald Trump's renewed pledge to slap 25 percent tariffs on imports from Canada and Mexico on February 1.
RTTNews
|
1天前
Yen Rises Amid Tariff Worries
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as investor sentiment dropped on the sidelines after U.S. President Donald Trump announced that 25 percent tariffs on Canada and Mexico are coming on Saturday, although crude flows may be exempted from the levies.
RTTNews
|
1天前
U.S. Dollar Falls As Economic Growth Slows More Than Expected
The U.S. dollar declined against its most major counterparts in the New York session on Thursday, after a data showed that the nation's economic growth fell short of economist estimates in the fourth quarter of 2024.
RTTNews
|
2天前
Canadian Dollar Weakens As BoC Cuts Rates
The Canadian dollar declined against its major counterparts in the New York session on Wednesday, as the Bank of Canada lowered interest rates by a quarter point, noting consumer price inflation remains close to 2 percent and the economy is in excess supply.
RTTNews
|
3天前
U.S. Dollar Rises As Traders Focus Of U.S. Fed Rate Decision
The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as traders await the U.S. Fed's interest rate decision later in the day.
RTTNews
|
3天前
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Wednesday.
RTTNews
|
3天前
Aussie Falls As Soft Australia Inflation Data Signals RBA Rate Cut
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as softer Australian inflation data signaled a potential interest rate cut by the RBA in February.
RTTNews
|
3天前
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
RTTNews
|
3天前
