Sun, Sep 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Canada dollar rises against commodity peers as outlooks diverge

Posted on 12 June 2013

The Canadian dollar rose to its highest point in almost three years versus its Australian counterpart as traders speculated the North American economy will lead global growth. Canada’s currency fluctuated against the U.S. dollar as oil dropped as much as 1.8 percent before a report forecast to show stockpiles fell last week in the U.S., the largest customer of Canadian crude.
Canada posted its biggest jobs gain in a decade and the fastest pace of new home construction in 13-months in May, while stronger U.S. data has sent bond yields higher. The loonie gained versus the Aussie after Australia home-loan approvals grew at the slowest pace in three months………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37015 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930