Underwhelming economic data about the housing market pulled down the Australian dollar on Tuesday against the world’s reserve currency as the Aussie dropped near its three-year low against the dollar, Bloomberg reports.
Stronger economic data regarding new home construction in Canada prompted the Canadian dollar on Monday to advance against the world’s reserve currency, according to Bloomberg.
The monetary unit of Australia advanced on Monday on foreign exchange markets amid economic data noting China’s economic hiccups appear to be slowing, according to Bloomberg.
Weaker-than-anticipated retail sales prompted the Canadian dollar to continue losing value during the Wednesday trade session, Bloomberg reports.
The rapid increase of jobless claims in the U.S. tugged down the value of the U.S. dollar on Thursday against the Japanese yen and the common currency of the European Union, Bloomberg reports.
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.
Crude oil futures were losing value on Wednesday and are likely to be further impacted in the aftermath of the central bank of the globe's largest consumer of oil releasing minutes of its meeting from last month, according to Bloomberg. West Texas Intermediate crude oil is poised to increase through the Seaway oil pipeline, according… Read more.
The globe’s top shipper of crude oil is capable of maintaining its present level of exports through 2033 despite increasing demands for the energy commodity, the nation’s assistant minister of petroleum told Bloomberg. Saudi Arabia will not need to augment capacity to the 12.5 million barrels per day that it is capable of generating, Prince… Read more.
Wednesday saw the Canadian dollar hover against the world’s reserve currency as the central bank of Canada convened to discuss interest rates and the growth outlook, according to Reuters. The financial institution is likely to leave interest rates as is at 1 percent. Policy makers are forecast to slash the growth outlook amid strong, vocal… Read more.
Healthy economic news and developments in the U.S. pushed up copper futures on Thursday as the base metal achieved gains of at least 1 percent, according to Reuters. The outlook for demand rose as housing and labor market data also enhanced optimism. The industrial metal is sensitive to financial and economic news due to its… Read more.