Buckle up for what could be a volatile day for the loonie. Canada's unit starts the day under C$1.25, a three-week best. Instability in the Mideast saw oil scale $50, giving the loonie a solid tailwind.
Don't lose sight U.S. importers: Although the greenback has weakened off six-year highs above C$1.28, it remains far above the C$1.16 level where it started the year. Therefore, the current market offers good levels to lock in to reap reasonable costs.
Commentary
CAD review: Western Union
Buckle up for what could be a volatile day for the loonie. Canada's unit starts the day under C$1.25, a three-week best. Instability in the Mideast saw oil scale $50, giving the loonie a solid tailwind. Don't lose sight …
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
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…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
