FOREX TradingCharts.com
HOMECHARTS & QUOTESFOREX NEWSFOREX QUOTESLEARN FOREXFOREX BROKER LISTBOOKMARKFEEDBACK

Forex News: Canadian Dollar Strengthens As Oil Rallies On Middle

Canadian Dollar Strengthens As Oil Rallies On Middle East Conflict

10/01/2024 - 12:46:00 (RTTNews)

(RTTNews) - The Canadian dollar firmed against its most major counterparts in the New York session on Tuesday, as oil prices climbed amid fears of an imminent attack by Iran against Israel.

Crude for November delivery rose $2.79 to 70.92 per barrel.

Middle East tensions intensified after the U.S. warned that it "has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel."

The U.S. said that it is prepared to defend Israel against this attack.

Tensions escalated after the killing of Hezbollah leader Hassan Nasrallah last week.

A wider war in the Middle East could disrupt oil exports from the region and lift prices.

The loonie climbed to a 4-day high of 0.9281 against the aussie and a 4-week high of 1.4929 against the euro, off its early lows of 0.9377 and 1.5072, respectively. The currency is seen finding resistance around 0.90 against the aussie and 1.47 against the euro.

The loonie advanced to a 4-day high of 1.3488 against the greenback, from an early 8-day low of 1.3539. The currency is likely to locate resistance around the 1.32 level.

In contrast, the loonie fell to 105.84 against the yen, reversing from an early 4-day high of 106.89. The currency may challenge support around the 104.00 level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


U.S. Dollar Little Changed As Traders Digest Inflation, Consumer Sentiment Data (06 min(s), 59 sec(s) ago)
(RTTNews) - After trending higher over the past couple weeks, the value of the U.S. dollar has flu ...Full Story»
Canadian Dollar Falls As Oil Prices Drop (02 hr(s), 48 min(s), 59 sec(s) ago)
(RTTNews) - The Canadian dollar was lower against its major counterparts in the New York session o ...Full Story»
U.S. Dollar Climbs After PPI Data (05 hr(s), 25 min(s) ago)
(RTTNews) - The U.S. dollar advanced against its most major counterparts in the New York session o ...Full Story»
Pound Rises On Upbeat U.K. Factory Data (10 hr(s), 10 min(s) ago)
(RTTNews) - The British pound weakened against other major currencies in the European session on F ...Full Story»
Pound Rises Against Majors (11 hr(s), 10 min(s) ago)
(RTTNews) - The British pound weakened against other major currencies in the European session on F ...Full Story»
Antipodean Currencies Rise Amid Risk Appetite (13 hr(s), 04 min(s) ago)
(RTTNews) - The Antipodean currencies such as the Australia and the New Zealand dollars strengthen ...Full Story»
NZ Dollar Advances Against Majors (13 hr(s), 31 min(s) ago)
(RTTNews) - The New Zealand dollar strengthened against other major currencies in the Asian sessio ...Full Story»
Australian Dollar Rises Against Majors (13 hr(s), 43 min(s) ago)
(RTTNews) - The Australian dollar strengthened against other major currencies in the Asian session ...Full Story»
Search

FOREX NEWS

U.S. Dollar Little Changed As Traders Digest Inflation, Consumer Sentiment Data

10/11/2024 - 16:32 PM (RTTNews)
(RTTNews) - After trending higher over the past couple weeks, the value of the U.S. dollar has flu ...Full Story>>

Canadian Dollar Falls As Oil Prices Drop

10/11/2024 - 13:49 PM (RTTNews)
(RTTNews) - The Canadian dollar was lower against its major counterparts in the New York session o ...Full Story>>

U.S. Dollar Climbs After PPI Data

10/11/2024 - 11:14 AM (RTTNews)
(RTTNews) - The U.S. dollar advanced against its most major counterparts in the New York session o ...Full Story>>

Pound Rises On Upbeat U.K. Factory Data

10/11/2024 - 06:29 AM (RTTNews)
(RTTNews) - The British pound weakened against other major currencies in the European session on F ...Full Story>>

Pound Rises Against Majors

10/11/2024 - 05:27 AM (RTTNews)
(RTTNews) - The British pound weakened against other major currencies in the European session on F ...Full Story>>
USDCAD
Economic CalendarForex GlossaryForeign Exchange RatesForex Currency TradingForex ChartsPrivacy Policy Translate AdvertiseContact Us

Do not sell my personal information

Copyright © 2024. 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.