Canadian Dollar Drops As Oil Prices Decline

RTTNews | 463 hari yang lalu
Stocktwits
Canadian Dollar Drops As Oil Prices Decline

(RTTNews) - The Canadian dollar weakened against its major counterparts in the New York session on Wednesday, as oil prices fell after rising in the previous session.

President Donald Trump said that Iran is willing to negotiate with the U.S., but he doubted "it's very late to be talking."

Although they wanted to negotiate, it's not easy for them to do, Trump said.

The White House did not provide details of its military plans in Iran.

The loonie dropped to 5-day lows of 1.5776 against the euro and 105.63 against the yen. The next possible support for the currency is seen around 1.58 against the euro and 103.00 against the yen.

The loonie fell to a 1-week low of 0.8925 against the aussie and an 8-day low of 1.3696 against the greenback. The currency is poised to find support around 0.92 against the aussie and 1.38 against the greenback.

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U.S. Dollar Rises Amid Fed Rate Hike Speculation

U.S. Dollar Rises Amid Fed Rate Hike Speculation

The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as the market's anticipation of additional Fed monetary tightening in the upcoming months and investors' confidence regarding the results of new efforts to establish a peace agreement with Iran.
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