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Canadian Dollar Rallies to 10-Week High

Traders brushed aside falling commodity prices on Tuesday as the Canadian dollar climbed to its highest level since late January.The Canadian dollar was the second best performing major currency. Of the G10 currencies, only the Japanese yen made gains against the loonie. Most recently, the U.S. dollar was down 0.0087 to 1.2113 against the CAD. USD/CAD was relatively flat during Asian and European trading. The pair began to rise prior to the North American equity open and

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Canadian Dollar Down on Oil, Autos and Carney Speech

The Canadian dollar is the weakest performing major currency on Wednesday as concerns mount about the auto sector and as commodity prices slide.The U.S. dollar is generally weaker but is making modest gains against the loonie. USD/CAD was most recently higher by 0.0060 to 1.2660 (79 cents CAD).Month or quarter end flows and weaker oil could be blamed as a culprit, but are somewhat insufficient explanations. It is likely that Canadian dollar sentiment is being hurt by

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Higher Canadian Inflation Does Not Provide Much Support for Canadian Dollar

Rising Canadian inflation is not providing much support for the Canadian dollar on Friday as it remains under modest pressure against the greenback.Although the U.S. dollar is up on the day against the loonie, the cross has struggled to make gains through most of the session. USD/CAD has been unable to hold gains past 1.2150 CAD. Through most of the session the cross has bounced between support at 1.2065 CAD and resistance at 1.2158 CAD. The cross

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Jamaican Dollar / Canadian Dollar converter (JAMAICA / CANADA)

Jamaican Dollar / Canadian Dollar converter (JMD / CAD) will convert the currency of JAMAICA in currency of CANADA with the actual exchange rate.

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Relatively Quiet Day for Canadian Dollar Ahead of Thursday BOC MPR

It's a relatively quiet day for the Canadian dollar as it shows modest moves against the U.S. dollar following a negative open to the North American session Wednesday.USD/CAD has traded in a fairly tight range through most of the overnight session. Ahead of the open the cross hit a high of 1.2476 CAD. However, the U.S. dollar was unable to hold its gains and the cross is under significant pressure trading below 1.2350 CAD.Minor Canadian data is

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Momentum Continues to Support Canadian Dollar

The Canadian dollar continues to be one of the best performers despite broad-based gains by the U.S. dollar and more negative sentiment in financial markets.The risk aversion dominating currency markets is not supporting USD/CAD, as the cross remains under pressure. The Canadian dollar is the second best performer against the U.S. dollar - second only to the British pound - among G10 currencies.The U.S. dollar saw broad gains following higher-than-expected core CPI data. However the rally in

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GBP/USD Current price: 1.5923

FXstreet.com (Buenos Aires) - GBP/USD Current price: 1.5923. Still in range, pair remains close to multi months highs at 1.5940. Movements above that level, could trigger some bullish momentum with 1.6030 as a quite interesting target zone: it represents the 38.2% Fibonacci retracement of the monthly fall from 2.0158 to 1.3502 January low.If set to correct, that?s the target zone pair needs to reach before starting, said Valeria Bednarik, collaborator at FXstreet.com. Indicators in the hourly show no clear

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Grim Canadian Data Could Add to Canadian Dollar Weakness

Weaker Canadian data could be having a slight impact on the Canadian dollar as equity momentum dominates currency markets.A drop in equities is causing a rally in the U.S. dollar across the board. Positive market sentiment caused a modest sell-off in USD/CAD in the Asian session. However, the sentiment dissipated just before the North American open. The cross is trading around the 1.24 level.The Canadian dollar continues to be one of the worst performers against the U.S.

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Euro Holds Gains Against U.S. Dollar

A small rise in market sentiment could be helping the euro move higher against the U.S. dollar Wednesday afternoon.It has been a relatively quiet day for the euro. No major data was released during the European session and flat U.S. equity markets are not providing much direction for EUR/USD.The cross jumped over a cent following the North American open and has managed to hold gains above 1.30 USD, hitting a high of 1.3037 USD. Negative news from GM

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Equity Rally Driving Canadian Dollar Gains against Greenback

Canadian data is not providing any direction for the Canadian dollar, as a rally in equities is dominating currency moves.A modest rise in global equity markets Tuesday morning is causing a broad selloff in the U.S. dollar, which is helping the loonie retrace some of its losses Monday morning.USD/CAD could see further gains as support at 1.25 CAD appears to be holding. The cross is hovering in the mid-1.25 CAD area ahead of the North American open.

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