Canadian Dollar Weakens As Oil Prices Drop
15 Agosto 2022 - 5:21AM
RTTF2
The Canadian dollar depreciated against its most major
counterparts in the European session on Monday, as weak economic
data from China sent oil prices lower.
Crude for October delivery dropped $4.40 to 93.75 per
barrel.
The loonie fell to nearly a 2-week low of 102.59 against the yen
and a 4-day low of 1.3210 against the euro, off an early high of
104.56 and a 6-day high of 1.3093, respectively.
Against the greenback, the loonie was down at a 1-week low of
1.2934.
The next possible support for the Canadian currency is seen
around 98.00 against the yen, 1.34 against the euro and 1.32
against the greenback.
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