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Day: December 10, 2018
December 102018
Canadian Dollar Weakens on Falling Crude Prices, Mixed Data
The Canadian dollar is weakening against its American counterpart on Monday, driven by falling crude prices and mixed economic data. The loonie was looking to extend the momentum following last weekâs upbeat jobs report, but it has since joined other commodity currencies in the decline. Investors viewed the latest construction numbers as a mixed bag. According to Statistics Canada, Housing starts surged to a five-month high of 216,000, but this was […]
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December 102018
British Pound Crashes Against US Dollar on Delay of Crucial Brexit Vote
The Sterling pound today crashed against the US dollar following media reports that the crucial Brexit vote scheduled for tomorrow had been postponed by the Prime Minister. The pound had reacted in a stable fashion earlier in the day following the release of the latest monthly UK GDP estimate, which was in line with expectations. The GBP/USD currency pair today dropped from an intraday high of 1.2760 to hit a low of 1.2606 in the early American session. […]
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