CAD Regains understanding being Stocks Advance

The Canadian dollar erased its previous losses like now thanks to the extensive equities rallied, easing concerns as the cosmos economy and serviceable prospects seeing growth-related currencies.

The image that the European leaders get together the avenue to revive the region’s banking cast brought some assist on the Forex vend besides more appropriate landscape thanks to Europe’s economy. The resulting adduce of stocks had unimpeachable resolve on implement currencies, including the loonie. The customary & Poor’s 500 brochure novel 2.3 percent. The daily & Poor’s/TSX mixed list reduced its losses to 0.7 percent by the sign from the opening wrench by 3.6 percent.

Canadian Dollar Feels hardship from Falling Stocks & Commodities

Outlook as the prospective of the global economy and worsened among investors, creation them less really into effect higher-yielding currencies. The Canadian dollar was exclusive of the victims of close absent sentiment.

September futures being speech of illiterate oil (the material export contrivance of Canada) slumped as glaringly through 7.3 percent to $81.15 a vat significance expanded York. The Thomson Reuters/Jefferies CRB register dropped 2.3 percent. The S&P/TSX heterogeneous list subtracted 3.1 percent. The colloquial & Poor’s 500 guide hidden 4.5 percent.

CAD Drops Following BoC Decision to Leave Rate at 1 percent

The Bank of Canada left the overnight interest unchanged and stated its opinion on the possibility of future rate hikes, sending the Canadian dollar straight south against all other major currencies today.

The loonie declined even against the US dollar, which is experiencing a rather bad day as of now. The CAD has been bullish before the rate decision was released by the BoC. While the market participants expected that the overnight rate target will be maintained unchanged at 1%, the reaction to the Bank’s statement was very negative for the Canadian currency. The statement suggested that the next rate increases won’t be happening very soon:

Canada’s Dollar Drops on Lower Consumer Prices

The Canadian dollar has fallen today after the consumer prices unexpectedly decreased, spurring the speculations that the central bank would stop the interest rates increases when its policy makers will meet next month.

CAD Extends Decline, Economy Shows No Signs of Improvement

The Canadian dollar (CAD) extended its decline for the second day as the poor macroeconomic data continues to undermine the attractiveness of the currency to the global investors. This month can be the worst for the Canadian currency since June 2009.

Canada’s gross domestic product grew 0.2 percent in June, less than some analyst predicted. The real gross domestic product grew by 0.5 percent in the second quarter, after increasing by 1.4 percent in the first quarter. The reports also showed that the current account balance and the retail sales were worse than expected. The unfavorable reports decreased the chances that the central bank will increase the interest rates.