Loonie depreciates on China demand concerns

Source: Bloomberg
© Dukascopy Bank
Canadian Dollar weakened from nearly 6-month record high against US Dollar on rumours China economy keeps slowing down. Canada's currency depreciated 0.5% against its US counterpart on Tuesday to CAD 0.9915. Loonie became weaker also versus Euro and Swiss Franc. Currently USD/CAD is trading at CAD 0.9887.
Back to articles

Actual Topics

Wed, 21 Mar 2012 09:07:49 GMT

Asian stocks lower on Wednesday as China concerns linger

Asian stock markets mostly ended in red area on Wednesday as investors remained cautious regarding possible economic slowdown in China. Japan's Nikkei Stock Average lost 0.55%, South Korea's Kospi tumbled 0.73% and Australian S&P/ASX 200 Index fell 0.5%. Shanghai Composite index and Hong Kong's Hang Seng index traded flat.

Wed, 21 Mar 2012 09:22:37 GMT

Oil futures climb on declining inventories

US crude futures advanced on East Asia trading session on Wednesday as oil inventories fell and US Dollar weakened boosting demand for Dollar-priced commodity. May crude climbed 0.4% or USD 0.47 to USD 106.54 on the New York Mercantile Exchange. Gasoline modestly ascended, adding USD 0.01 to USD 3.37 per gallon. Heating oil to be delivered in April remained flat at

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.