Canadian dollar falters on declining oil prices, before jobs data
May 8, 2015 2:33 am
The Canadian dollar plummeted versus the US dollar Thursday as oil prices tumbled from recent surges and traders awaited Friday’s jobs data for Canada and the United States.
Oil prices slipped 3% as the greenback wiped out advances from the last two sessions.
Numerous Canadian dollar weakness was in expectation of perhaps milder employment figures “coming out tomorrow and on the back of weakening commodity prices,” said David Bradley, Director of Foreign Exchange Trading at Scotiabank.
The loonie closed at 82.51 US cents from Wednesday’s 83.06 US cents. The material has been provided by InstaForex Company – www.instaforex.com
The Canadian dollar plummeted versus the US dollar Thursday as oil prices tumbled from recent surges and traders awaited Friday’s jobs data for Canada and the United States.
Oil prices slipped 3% as the greenback wiped out advances from the last two sessions.
Numerous Canadian dollar weakness was in expectation of perhaps milder employment figures “coming out tomorrow and on the back of weakening commodity prices,” said David Bradley, Director of Foreign Exchange Trading at Scotiabank.
The loonie closed at 82.51 US cents from Wednesday’s 83.06 US cents.
The material has been provided by InstaForex Company – www.instaforex.com
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