The WSJ Dollar Index Rises 0.3% to 101.11
The WSJ Dollar Index was up 0.3 to 101.11 — up six of the past seven trading days. Source link
Sub-70 cent Canadian dollar inching closer into view
Breadcrumb Trail Links News Economy Canadian dollar sank below 71 cents U.S. for the first time since mid-2020 Published Nov 15, 2024 • Last updated 38 minutes ago • 3 minute read You can save this article by registering for free here. Or sign-in if you have an account. The Canadian dollar fell as low as 70.89 cents U.S., lingering below 71 cents U.S. for most of the afternoon on Friday.
Canadian dollar hits four-year low as 71 cent U.S. threshold nears
Article content The Canadian dollar fell to a four-year low Wednesday with analysts keeping a sharp eye on the currency as it approached the critical barrier of 71 cents U.S. “If you look at the (Canadian dollar) chart over the past five years, we haven’t breached that level since the pandemic,” Sarah Ying, head of foreign exchange strategy at CIBC Capital Markets, said.The loonie is down 1.1 per cent since
Canadian dollar stuck in the dumps until 2025, says strategist
Watch Karl Schamotta, chief market strategist at Corpay, on the loonie’s prospects Source link
British Pound Likely to Resume Downtrend Vs. Dollar, Charts Show
The British pound is likely to resume its downtrend against dollar after breaking below key support, UOB said. GBP/USD was little changed at 1.2743. Source link
Gold nears seven-week low as U.S. dollar surges on Trump win
Article content Gold slipped to its lowest level in more than seven weeks as the U.S. dollar continued to strengthen following Donald Trump’s election victory. Bullion fell as much as 1.1 per cent — after sliding 2.5 per cent in the previous session — as a gauge of the dollar rose to its highest level in a year. The gains, which make commodities priced in the greenback more expensive for
Metal Prices Fall on Strong Dollar, Rising Chinese Copper Output
Metal prices fell on a strong dollar and rising Chinese refining capacity, with copper now at its lowest level since mid-September due to an unfavorable environment post-U.S. election, Commerzbank said. Source link
US shares, Bitcoin hit record high and dollar soars on Trump win
US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win. Bitcoin also hit an all-time high, following Trump’s election promise to prioritise the volatile crypto currency. Investors were, however, betting that Trump’s plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest
TD Bank economists are worried about the Canadian dollar
Breadcrumb Trail Links News Impact from Trump tariffs could push loonie below 70 cents U.S. Published Nov 08, 2024 • Last updated 3 hours ago • 5 minute read You can save this article by registering for free here. Or sign-in if you have an account. Donald Trump, left, with Republican vice president-elect J.D. Vance, celebrate election night at the Palm Beach Convention Center, Nov. 6, 2024, in West Palm Beach,
U.S. Real Yield Moves Key For Dollar
U.S. real yields, which are adjusted for inflation, could play a key role in determining the dollar’s performance, potentially limiting its rise, MUFG Bank said. Source link
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