FOREX TradingCharts.com

Forex News: Canadian Dollar Lower As Oil Prices Drop

Canadian Dollar Lower As Oil Prices Drop

12/20/2021 - 09:11:00 (RTTNews)

(RTTNews) - The Canadian dollar lost ground against its major counterparts in the European session on Monday amid falling oil prices, as a rise in omicron cases in Europe and the United States stoked fears of more restrictions that could dent fuel demand.

The Netherlands went into a strict lockdown and Ireland announced a curfew ahead of the Christmas and New Year holidays.

Germany, Austria and France tightened travel restrictions to contain the spread of the new variant.

New Covid-19 infections hit a daily record for the third consecutive day in the New York state.

President Joe Biden's chief medial adviser Anthony Fauci warned that Omicron has an extraordinary capability of spreading and could increase the burden on the hospital system in the coming weeks.

The loonie fell to a 4-day low of 0.9202 against the aussie, 4-month low of 1.2941 against the greenback and a 2-1/2-month low of 1.4602 against the euro, off its previous highs of 0.9158, 1.2878 and 1.4476, respectively. The currency is likely to find support around 0.94 against the aussie, 1.32 against the greenback and 1.48 against the euro.

In contrast, the loonie rebounded to 88.06 against the yen, after falling to 87.62 at 2:15 am ET, which was its lowest level since October 1. The pair had ended last week's deals at 88.11.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Swiss Franc Falls As European Stocks Rebound (42 min(s), 54 sec(s) ago)
(RTTNews) - The Swiss franc weakened against its major counterparts in the European session on Wed ...Full Story»

Indian Rupee Drops To Near 4-week Low Against U.S. Dollar (04 hr(s), 12 min(s), 54 sec(s) ago)
(RTTNews) - The Indian rupee depreciated against the U.S. dollar in afternoon deals on Tuesday, af ...Full Story»

Australian, NZ Dollars Decline On Fed, Ukraine Concerns (04 hr(s), 54 min(s), 54 sec(s) ago)
(RTTNews) - The Australian and NZ dollars weakened against their major counterparts in the Asian s ...Full Story»

U.S. Dollar Firms As Fed Meeting Nears (26 min(s), 06 sec(s) ago)
(RTTNews) - The U.S. dollar appreciated against its most major counterparts in the European sessio ...Full Story»

Pound Slides As European Stocks Drop (24 min(s), 54 sec(s) ago)
(RTTNews) - The pound was lower against its major counterparts in the European session on Monday, ...Full Story»

Pound Little Changed After U.K. PMI Data (03 hr(s), 45 min(s), 54 sec(s) ago)
(RTTNews) - UK Markit/CIPS composite PMI survey results have been released at 4.30 am ET Monday. T ...Full Story»

Pound Weakens Ahead Of U.K. PMI Data (03 hr(s), 48 min(s), 54 sec(s) ago)
(RTTNews) - At 4.30 am ET Monday, UK Markit/CIPS composite PMI survey results are due. Economists ...Full Story»

Euro Little Changed After Eurozone PMI Data (04 hr(s), 12 min(s), 54 sec(s) ago)
(RTTNews) - IHS Markit has released Eurozone flash PMI report at 4.00 am ET Monday. The euro chang ...Full Story»

Search

FOREX NEWS

Swiss Franc Falls As European Stocks Rebound

01/25/2022 - 07:36 AM (RTTNews)
(RTTNews) - The Swiss franc weakened against its major counterparts in the European session on Wed ...Full Story>>

Indian Rupee Drops To Near 4-week Low Against U.S. Dollar

01/25/2022 - 04:07 AM (RTTNews)
(RTTNews) - The Indian rupee depreciated against the U.S. dollar in afternoon deals on Tuesday, af ...Full Story>>

Australian, NZ Dollars Decline On Fed, Ukraine Concerns

01/25/2022 - 03:24 AM (RTTNews)
(RTTNews) - The Australian and NZ dollars weakened against their major counterparts in the Asian s ...Full Story>>

U.S. Dollar Firms As Fed Meeting Nears

01/24/2022 - 10:47 AM (RTTNews)
(RTTNews) - The U.S. dollar appreciated against its most major counterparts in the European sessio ...Full Story>>

Pound Slides As European Stocks Drop

01/24/2022 - 07:55 AM (RTTNews)
(RTTNews) - The pound was lower against its major counterparts in the European session on Monday, ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.