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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Canadian Dollar | FX:USDCAD | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0006 | 0.04% | 1.36728 | 1.36721 | 1.36734 | 1.36745 | 1.36575 | 1.36665 | 0 | 08:21:13 |
The U.S. dollar continued to be weak against the other major currencies in the Asian session on Thursday, in the wake of U.S. President Donald Trump remarks saying that the currency was getting too strong and and he preferred the Federal Reserve to keep interest rates low.
While Speaking in an interview on Wednesday, the U.S.President Donald Trump said the dollar was "getting too strong,".
Trump also said that "it's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency,". The president also mentioned that he will not label China a currency manipulator.
Wednesday, the U.S. dollar had fallen 0.43 percent against the euro, 0.43 percent against the pound, 0.42 percent against the franc and 0.56 percent against the yen.
In the Asian trading, the U.S. dollar fell to a 1-week low of 1.0677 against the euro and a 10-day low of 1.0008 against the Swiss franc, from yesterday's closing quotes of 1.0664 and 1.0030, respectively. If the greenback extends its downtrend, it is likely to find support around 1.08 against the euro and 0.99 against the franc.
Against the pound, the yen and the Canadian dollar, the greenback dropped to more than a 2-week low of 1.2574, nearly a 5-month low of 108.72 and a 1-1/2-month low of 1.3229 against the Canadian dollar, from yesterday's closing quotes of 1.2544, 108.99 and 1.3246, respectively. The greenback may test support near 1.27 against the pound, 107.00 against the yen and 1.30 against the loonie.
Looking ahead, Swiss PPI for March and Bank of England's credit conditions survey data are due to be released later in the day.
In the New York session, Canada new housing price index and manufacturing sales data, for February, U.S. PPI for March, U.S. weekly jobless claims for the week ended April 8, U.S. University of Michigan's preliminary consumer sentiment index for April and U.S. Baker Hughes rig count data are slated for release.
At 10:00 am ET, Bank of Canada Governor Stephen Poloz is expected to testify along with Senior Deputy Governor Carolyn Wilkins before the Standing Senate Committee on Banking, Trade and Commerce, in Ottawa.
1 Year US Dollar vs CAD Chart |
1 Month US Dollar vs CAD Chart |
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