Canadian Dollar Strengthens Amid Higher Oil Prices
11 Enero 2017 - 12:36AM
RTTF2
The Canadian dollar climbed against its most major counterparts
in the European session on Wednesday, as oil price rose amid
reports that Saudi Arabia has cut oil supplies to refiners in India
and Southeast Asia, in accordance with the OPEC agreement reached
last year.
Crude for February delivery rose $0.43 to $51.25 per barrel.
The loonie was trading higher at 1.3230 against the greenback ,
up from an early low of 1.3254.
The loonie advanced to a 2-day high of 87.97 versus the Japanese
yen and a weekly high of 1.3907 against the euro, off its previous
lows of 87.37 and 1.3990, respectively.
The loonie is likely to find resistance around 1.315 against the
greenback, 90.5 against the yen and 1.37 against the euro.
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