Canadian Dollar Rises Amid Oil Price Advance
11 Enero 2017 - 11:21PM
RTTF2
The Canadian dollar strengthened against the other major
currencies in the early European session on Thursday, amid rising
oil prices on the back of a weaker dollar, as U.S. President-elect
Donald Trump's first press conference since winning the election
proved to be a dampener for investors looking for cues on his tax
and international trade policies.
Treasuries gained and the dollar nursed widespread losses as
Trump failed to provide details on proposed fiscal stimulus and
infrastructure spending.
Meanwhile, news that Saudi Arabia had cut exports to Asia, also
supported the Oil demand.
Crude for February delivery is currently up by 0.14 percent or
$52.39 per barrel.
Data from the U.S. Energy Information Administration reported on
Wednesday that crude inventories increased by 4.1 million
barrels.
In the Asian trading today, the Canadian dollar held steady
against the other major currencies.
In the European trading, the Canadian dollar rose to nearly a
3-month high of 1.3038 against the U.S. dollar, from an early low
of 1.3183. The loonie may test resistance around the 1.29
region.
Against the euro and the yen, the loonie advanced to 1.3877 and
87.52 from early lows of 1.3967 and 87.03, respectively. If the
loonie extends its uptrend, it is likely to find resistance around
1.36 against the euro and 89.00 against the yen.
The loonie edged up to 0.9777 against the Australian dollar,
from an early near 4-week low of 0.9821. On the upside, 0.95 is
seen as the next resistance level for the loonie.
Looking ahead, at 7:30 am ET, European Central Bank's publishes
monetary policy meeting accounts.
In the New York session, Canada new housing price index for
November, U.S. import price index for December, and U.S. weekly
jobless claims for the week ended January 7 are set to be
published.
At 8:30 am ET, Federal Reserve Bank of Chicago President Charles
Evans and Federal Reserve Bank of Atlanta President Dennis Lockhart
are expected to speak about the economic outlook and monetary
policy at the American Council of Life Insurers, in Naples.
At the same time, Federal Reserve Bank of Philadelphia President
Patrick Harker will deliver a speech at the Desmond Hotel, in
Pennsylvania.
At 1:15 pm ET, Federal Reserve Bank of St. Louis President James
Bullard gives a presentation on the U.S. economy and monetary
policy before the Forecasters Club of New York.
At 1:45 pm ET, Federal Reserve Bank of Dallas President Robert
Kaplan participates in a moderated Q&A before the Dallas
Regional Chamber Annual Meeting, in Dallas, U.S.
Euro vs CAD (FX:EURCAD)
Gráfica de Divisa
De Mar 2024 a Abr 2024
Euro vs CAD (FX:EURCAD)
Gráfica de Divisa
De Abr 2023 a Abr 2024