The improving outlook for Europe was followed by the favorable news from the United States (the biggest trading partner of Canada). The US consumer confidence index improved from 40.9 in October to 56.0, ending its decline. The good sales during Thanksgiving holiday period were also positive.
The positive mood was felt almost everywhere. The Standard & Poor’s 500 Index gained 0.2 percent. The Standard & Poor’s/TSX Composite Index rose 0.6 percent. Futures on crude oil, the main export of Canada, advanced as much as 2.2 percent to $99.86 per barrel in New York.
USD/CAD was down from 1.0343 to 1.0303 today as of 21:14 GMT and the intraday low was 1.0257. EUR/CAD dropped from 1.3778 to 1.3736, falling for the fifth straight session, while earlier today it reached 1.3705 — the lowest prices since September 22. CAD/JPY went higher from 75.34 to 75.50.
If you have any questions, comments or opinions regarding the Canadian Dollar, feel free to post them using the commentary form below.
http://www.topforexnews.com/
No comments:
Post a Comment