A brighter-than-anticipated jobs report in the globe's top consumer helped propel West Texas Intermediate crude oil futures higher in value on Thursday, according to Bloomberg. The U.S. Labor Department indicated jobless claims fell to 339,000, representing the lowest level since March 9. Also propping up the energy commodity was the Energy Information Administration noting inventories… Read more.
Conjecture about China moving forward with additional purchases spurred the price of soybean futures to climb on Thursday as the legume reversed four consecutive trading sessions of losses, according to Bloomberg. Beginning September 1, the U.S. Department of Agriculture said on Wednesday that exporters will ship 116,000 metric tons of the legume to unknown purchasers.… Read more.
The reduced pace of production in China tugged down the monetary unit of Australia against many of its counterpart currencies on Tuesday, prompting speculation about the likelihood of additional intervention by the Reserve Bank of Australia, Bloomberg reports. For a third-straight day, the Australian dollar has lost value against the U.S. dollar. Australian and New… Read more.
The Canadian dollar on Monday was ebbing and flowing, working toward advancing in value after its performance last week against its southerly rival was underwhelming, Reuters reports. Last week's losses against the world's reserve currency were as high as 1.2 percent, which largely were prompted by losses to tradables on the commodity complex. The economy… Read more.
Underwhelming economic data released by China regarding its gross domestic product during the first quarter of this year prompted the Canadian dollar to lose value on Monday against the world's reserve currency, Bloomberg reports. The loonie slumped against most of its top rival monetary units as Canada also wrestled with the prospect that its growth… Read more.
The Canadian dollar drove to its seven-week high against the world's reserve currency on Thursday, advancing also against the majority of its rival monetary units, according to Bloomberg. The loonie was spurred higher by February home prices climbing 0.2 percent, which trumped the 0.1 percent registered in January. The Bank of Canada is likely to… Read more.
Monday saw the Canadian dollar climb higher in value against the world's reserve currency, during the first trading session after notching its worst losses against its southerly rival in six months, Bloomberg reports. Propelling the loonie higher during Monday's trading session was the upward surge of prices of crude oil, which is the top export… Read more.
Friday saw the Canadian dollar pinched by weak job reports issued by both the U.S. and Canada for March, Bloomberg reports. The loonie slumped against 15 of 16 counterpart currencies after Canada indicated its job creation was 54,500 less last month, which pushed up the nation's unemployment rate to 7.2 percent after it previously registered at… Read more.
Thursday saw the Canadian dollar perform strongly against the monetary unit of Japan after the Bank of Japan kicked off a stimulus program more aggressive than expected during the first policy meeting of the new guard with the central bank of the Pacific Rim nation, Bloomberg reports. But the performance of the loonie was neither as… Read more.
Thursday saw the Canadian dollar ebb and flow against its southerly rival despite the release of stronger-than-anticipated economic data about the economy of Canada from earlier this year, Bloomberg reports. Though the Thursday performance of the loonie against the greenback was less than strong, the loonie continued heaving toward weekly gains against its counterpart. The… Read more.