The Canadian Dollar (CAD) is stepping back slightly on Wednesday, giving the US Dollar (USD) some breathing room and sending the USD/CAD back into nea
Canadian Dollar is easing off the pressure as Crude Oil prices soften. Canada economic data remains thin for the week, US data dominating the market. US inflation data to remain key market driver for the back half of the trading week. r-term highs.
Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
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Canadian Dollar extends rebound on Gaza-tensions-fueled Crude Oil bounceThe Canadian Dollar (CAD) is finding some lift on Monday, extending the Loonie’s rebound against the US Dollar (USD). The USD/CAD is trading back into
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Canadian Dollar on-balance after holiday Monday, Crude Oil trades softlyThe Canadian Dollar (CAD) is trading flat against the US Dollar (USD) through the Tuesday market session, with only minor moves on the top and bottom
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WTI Crude Oil trading flat after post-weekend surge, testing $85West Texas Intermediary (WTI) Crude Oil prices jumped on Monday after the long-running Gaza Strip conflict between Israel and Palestinian Hamas saw it
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Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for November delivery fell 41 cents to $85.97 a barrel Tuesday. Brent crude for December delivery fell 50 cents to $87.65 a barrel. Wholesale gasoline for November delivery rose 2 cents to $2.26 a gallon. November heating oil rose 5 cents to $3.02 a gallon. November natural gas was unchanged at $3.38 per 1,000 cubic feet. Gold for December delivery rose $11 to $1,875.30 an ounce. Silver for December delivery rose 3 cents to $21.95 an ounce and December copper fell 2 cent
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Crude Oil Futures: There is room for further declineConsidering advanced prints from CME Group for crude oil futures markets, open interest reversed two consecutive daily pullbacks and increased by arou
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Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for November delivery rose $3.59 to $86.38 a barrel Monday. Brent crude for December delivery rose $3.57 to $88.15 a barrel. Wholesale gasoline for November delivery rose 5 cents to $2.24 a gallon. November heating oil rose 7 cents to $2.97 a gallon. November natural gas rose 4 cents to $3.38 per 1,000 cubic feet. Gold for December delivery rose $19.10 to $1,864.30 an ounce. Silver for December delivery rose 20 cents to $21.92 an ounce and December copper rose 2 cents to
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