The Canadian dollar was little changed against the US dollar on Thursday, even as oil prices moved higher. Following strong gains during yesterdayâs session that placed the Canadian dollar at its highest level against the US dollar in three weeks, the Canadian currency struggled to move higher. The US dollar was weaker after the Federal Reserve released its minutes from the Federal Open Market Committeeâs meeting on December 13â14. […]
Read moreThe Canadian dollar was little changed against the US dollar on Thursday, even as oil prices moved higher. Following strong gains during yesterdayâs session that placed the Canadian dollar at its highest level against the US dollar in three weeks, the Canadian currency struggled to move higher. The US dollar was weaker after the Federal Reserve released its minutes from the Federal Open Market Committeeâs meeting on December 13â14. […]
Read moreEven though some of the US macroeconomic reports were positive today, the dollar fell against the euro. The decline was triggered by a rather weak ADP employment data. ADP employment went down from 215k to 153k new jobs in December. Traders had expected a less abrupt drop to 175k. Weak ADP numbers set poor sentiment towards the non-farm payrolls due for release tomorrow. (Event A on the chart.) Initial jobless claims […]
Read moreThe US dollar remained low against major currencies following the release of lower than expected employment figures for December by the Automatic Data Processing, Inc. The US dollar weakened against major currencies such as the British pound and the Japanese yen. The US Dollar Index, which tracks the greenback’s performance against major currencies, was trading at daily lows of 101.90 slightly below the 102 resistance level. The ADP, which tracks employment in the US private sector, […]
Read moreThe US dollar remained low against major currencies following the release of lower than expected employment figures for December by the Automatic Data Processing, Inc. The US dollar weakened against major currencies such as the British pound and the Japanese yen. The US Dollar Index, which tracks the greenback’s performance against major currencies, was trading at daily lows of 101.90 slightly below the 102 resistance level. The ADP, which tracks employment in the US private sector, […]
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