November 19, 20240 Comments

CANADA FX DEBT – Canadian dollar strengthens, benchmark yield slips By Reuters

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt slipped.  The was trading 0% higher at C$1.4007 to the greenback, or 71.39 U.S. cents, after trading in a range of 1.3976 to 1.4036. Canadian government yields fell 3.1 basis points to 3.247%. The yield on similar U.S. government benchmark debt fell to 4.3413%. U.S. December crude futures fell 19 cents to $68.97 a

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November 19, 20240 Comments

More weakness ahead for Canadian dollar

Investing.com – The Canadian dollar has suffered against the US dollar in the wake of the US presidential election, and Jefferies sees this weakness as likely to continue for some time. At 09:00 ET (14:00 GMT), traded 0.2% lower at 1.3992, but the pair is around 1.4% higher over the course of the last month, with the Canadian dollar falling to a four-year low against its US counterpart in the

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November 19, 20240 Comments

Gold prices extend recovery on Russia-Ukraine tensions, softer dollar By Investing.com

Investing.com– Gold prices rose on Tuesday, extending a recovery from two-month lows as the dollar retreated from recent peaks, while increased tensions between Russia and Ukraine also fed safe haven demand. The yellow metal rose sharply from a two-month low this week, as a rally in risk-driven assets, in the wake of a Donald Trump victory in the 2024 presidential election, also appeared to be petering out. rose 0.8% to

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November 19, 20240 Comments

Palladium to continue to lag other precious metals, says UBS By Investing.com

Investing.com — UBS analysts highlighted palladium as the worst-performing precious metal, reflecting a 12% decline so far this year. The bank said in a note Tuesday that they attribute the underperformance to heightened volatility and a challenging demand outlook. Recent speculation about potential G7 sanctions on Russian palladium exports caused a temporary price spike of nearly $200 per ounce, reaching $1,248 on October 29. However, the bank notes that with no

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November 19, 20240 Comments

Lowe’s (LOW) Q3 2024 earnings

LOS ANGELES, CALIFORNIA – AUGUST 20: The exterior sign of a Lowe’s home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images) Eric Thayer | Getty Images News | Getty Images Lowe’s beat Wall Street’s quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects,

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November 19, 20240 Comments

Yen gains ground as dollar rally pauses on profit-taking By Reuters

By Rae Wee SINGAPORE (Reuters) -The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.12% higher to 154.47 per dollar, recovering from its fall in the previous session after Bank of Japan Governor

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