Canadian Dollar Advances Amid Rising Risk Appetite
12 Febbraio 2019 - 3:27AM
RTTF2
The Canadian dollar climbed against its most major counterparts
in the Asian session on Tuesday amid rising risk appetite, as news
that U.S. lawmakers reached a deal on border security funding to
avoid a government shutdown lifted sentiment.
The deal reportedly include $1.375 billion in funding for
Trump's border wall.
If approved by Trump, the deal would keep the government funded
through September 30.
Hopes that a new round of U.S.-China trade talks would help
resolve trade dispute propped up Asian shares.
Negotiators from the two countries are meeting this week in
Beijing, with White House adviser Kellyanne Conway saying President
Donald Trump wants to meet Chinese President Xi Jinping very
soon.
Two days of high-level talks starting Thursday would involve
U.S. Trade Representative Robert Lighthizer, Treasury Secretary
Steven Mnuchin and Chinese Vice Premier Liu He.
The loonie edged up to 1.3287 against the greenback, from a low
of 1.3315 hit at 8:45 pm ET. On the upside, 1.30 is possibly seen
as the next resistance level for the loonie.
After falling to 1.5017 against the euro at 8:15 pm ET, the
loonie reversed direction and rose to 1.4983. If the loonie rises
further, 1.48 is possibly seen as its next resistance level.
The loonie appreciated to a 5-day high of 83.27 against the yen
and held steady thereafter. At yesterday's close, the pair was
worth 82.96. Next key resistance for the loonie is seen around the
85.00 region.
Data from the Bank of Japan showed that Japan M2 money stock
rose 2.4 percent on year in January, coming in at 1,015.1 trillion
yen.
That was in line with expectations and unchanged from the
previous month.
On the flip side, the loonie dropped to 0.9420 against the
aussie at 9:30 pm ET and wavered thereafter. The pair was quoted at
0.9393 at Monday's close.
In today's events, Deutsche Bundesbank President Jens Weidmann
will deliver a speech titled "The role of the central bank in a
modern economy - a European perspective" at the University of South
Africa in Pretoria at 3:20 am ET.
At 8:00 am ET, Bank of England governor Mark Carney is set to
speak about the economic outlook and global trade tensions in
London.
Federal Reserve Chair Jerome Powell will give a speech titled
"Economic Development in High Poverty Rural Communities" at the
Hope Enterprise Corporation Rural Policy Forum in Mississippi at
12:45 pm ET.
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