Canadian Dollar Falls As Oil Prices Drop
11 Ottobre 2024 - 3:49PM
RTTF2
The Canadian dollar was lower against its major counterparts in
the New York session on Friday, as oil prices edged lower on
concerns about the impact of Hurricane Milton on U.S. oil
output.
Hurricane Milton caused havoc across Florida, destroying homes
and leaving people without power.
At least 16 deaths had been reported, though search and rescue
operations had started.
Strong domestic jobs data lifted the currency earlier in the
session.
The economy added 46,700 jobs in September, well above
expectations of 29,800 jobs.
The unemployment rate fell to 6.5 percent from 6.6 percent in
August.
The loonie fell to multi-day lows of 1.5082 against the euro and
0.9304 against the aussie, off its early highs of 1.5016 and
0.9245, respectively. The currency is seen finding support around
1.52 against the euro and 0.94 against the aussie.
The loonie retreated to 108.25 against the yen, from an early
high of 108.61. The currency may challenge support around the
106.00 level.
The loonie eased to 1.3777 against the greenback. This may be
compared to an early more than 2-month low of 1.3783. The currency
is likely to locate support around the 1.40 level.
Grafico Cross US Dollar vs CAD (FX:USDCAD)
Da Ott 2024 a Nov 2024
Grafico Cross US Dollar vs CAD (FX:USDCAD)
Da Nov 2023 a Nov 2024