U.S. dollar fell to session lows against the Canadian dollar on
Monday, also boosted market sentiment amid continued hopes for a
solution to the U.S. financial cliff, but gains were limited amid
ongoing concerns in the euro zone weighed on market sentiment.
USD / CAD 0.9962 during early U.S. trade, the pair’s lowest since November 8, the pair subsequently consolidated at 0.9963, shedding 0.48%.
The pair was likely to find support at 0.9873, the lowest price since Nov. 7 and resistance 1.0016 the highest price for the session.
Sentiment was reinforced after she talks the leaders of the U.S. Congress with President Barack Obama in a constructive on Friday. ”
There are fears that the U.S. economy will return to a state of recession, did not reach Congress and the White House compromise in the seven weeks remaining before the deadline on January 1.
The Canadian dollar also strengthened as a result of higher crude oil prices on Monday, on the New York Mercantile Exchange traded crude futures for delivery in January at 88.89 dollars a barrel, up 2.25%.
And crude oil’s gains came largely on the back of rising tensions in the Middle East.
Raw materials, including oil account constitute about half of Canada’s export earnings.
The Canadian dollar rose, against the euro, with EUR / CAD shedding 0.23% to hit 1.2728.
Later today, the U.S. will publish a report on existing home sales.
USD / CAD 0.9962 during early U.S. trade, the pair’s lowest since November 8, the pair subsequently consolidated at 0.9963, shedding 0.48%.
The pair was likely to find support at 0.9873, the lowest price since Nov. 7 and resistance 1.0016 the highest price for the session.
Sentiment was reinforced after she talks the leaders of the U.S. Congress with President Barack Obama in a constructive on Friday. ”
There are fears that the U.S. economy will return to a state of recession, did not reach Congress and the White House compromise in the seven weeks remaining before the deadline on January 1.
The Canadian dollar also strengthened as a result of higher crude oil prices on Monday, on the New York Mercantile Exchange traded crude futures for delivery in January at 88.89 dollars a barrel, up 2.25%.
And crude oil’s gains came largely on the back of rising tensions in the Middle East.
Raw materials, including oil account constitute about half of Canada’s export earnings.
The Canadian dollar rose, against the euro, with EUR / CAD shedding 0.23% to hit 1.2728.
Later today, the U.S. will publish a report on existing home sales.
0 التعليقات:
إرسال تعليق