Renewed pressure on the U.S. dollar helped the loonie hold about three cents under recent six-year lows above C$1.28. Oil though continues to serve as a headwind on the northern buck and keep it on vulnerable footing. Oi…
Renewed pressure on the U.S. dollar helped the loonie hold about three cents under recent six-year lows above C$1.28.
Oil though continues to serve as a headwind on the northern buck and keep it on vulnerable footing. Oil tipped back below $46 early Monday, a loss of more than 1 percent on the day.
With little Canadian data due this week, look for oil and movements in the U.S. dollar to help drive the loonie.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
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