Canadian Dollar lower amid falling oil, stronger Dollar

Note: This section contains information in English only.
Source: WBP Online
The Loonie was under pressure from the US Dollar on Friday, as trader focal point was on the possible rate hike in September. The Greenback rose 0.25% to 1.3031 against the Canadian Dollar by 8:10 AM GMT.  Moreover, the Loonie was further pressured by the slipping oil prices that traded below the important $48 a barrel level. In addition, the recent selloff in commodities has weakened the Canadian currency. 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.