Friday, January 18, 2019
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canadian dollar

canadian dollar rises on chinese demand for commodities

canada’s dollar gained for the second straight week versus its u.s peer as traders speculated faster growth in china would translate into more demand for the nation’s commodity exports.

the currency pared gains yesterday after a report showed canada’s trade deficit widened to the fourth-largest on record in november as shipments to europe fell. china posted exports five times higher than economists forecast and reported inflation quickened as its economy grew faster than expected.

“it’s having a bit of a relief rally on the positive outlook for china and that’s kind of affecting it and should hopefully give it direction over the next quarter,” eimear daly, a currency analyst at monex europe ltd., said by phone from london. “the positive outlook for china is positive” for the canadian currency, she said.

canadian dollar rallies with commodities as risk appetite rises

the canadian dollar advanced for the first time in three days against its u.s. counterpart as commodities rallied on positive risk sentiment and canada’s trade deficit narrowed.

canadian dollar falls to 11-day low on european crisis concern

canada’s dollar fell to the lowest level in 11 days against its u.s. counterpart on speculation europe’s debt crisis is worsening as spanish bond yields rose above 7.5 percent, dimming the outlook for the global economy.

canadian currency reaches three-month high on growth prospects

canada’s dollar climbed to the highest level since may versus its u.s. counterpart, trading stronger than parity for a ninth day, amid speculation north american economic growth will sustain the nation’s exports.

canada fx debt-c$ firms with stocks, commodities; eye on eu summit

currency ends up at c$1.0240 vs us$ or 97.66 u.s. cents c$ higher with north american equities, commodities-bond prices slip across curve.

canadian dollar weakens to 5-month low versus australian peer

canada’s dollar touched the weakest level in almost five months versus its australian counterpart on speculation the north american economic recovery is faltering, dimming the prospects for the nation’s exports.

canadian dollar climbs from two-week low as equities advance

canada’s dollar strengthened from the lowest in more than two weeks versus its u.s. counterpart as stocks climbed.

canada dollar trades at 2-week low as europe debt trims demand

canada’s dollar traded at the lowest level against its u.s. counterpart in almost two weeks as concern europe’s debt crisis is worsening crimped demand for riskier assets.

canadian dollar drops on speculation leaders won’t solve crisis

canada’s dollar dropped versus its u.s. counterpart on concern european union leaders meeting this week won’t succeed in staunching the region’s debt crisis, dimming the outlook for country’s that export commodities.


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