The dollar rose as investors raised their outlook on a faster pace of U.S. rate increases following comments from Fed Chair Janet Yellen.
The dollar hit a two-week high against the yen with another round of solid gains as investors focused again on the U.S. reflation trade.
The dollar gained in part on expectations of a constructive meeting between President Donald Trump and Japanese Prime Minister Shinzo Abe.
*Canadian dollar settles at C $1.3141, or 76.10 U.S. cents. The loonie, as Canada's currency is colloquially known, settled at C $1.3141 per U.S. dollar, or 76.10 U.S. cents, stronger than Wednesday's close of C $1.3155, or 76.02 U.S. cents. The currency traded between C $1.3094 to C $1.3167 having rebounded from its weakest in two weeks on Tuesday of C $1.3213.
The New Zealand dollar was by far the biggest faller among major currencies on Thursday.
TORONTO, Feb 9- The Canadian dollar strengthened against its U.S. counterpart on Thursday as oil prices rose and ahead of a speech by Bank of Canada Deputy Governor Lawrence Schembri on inflation. Oil is one of Canada's major exports. At 9:11 a.m. ET, the Canadian dollar was trading at C $1.3109 to the greenback, or 76.28 U.S. cents, stronger than Wednesday's close of...
Kay Van-Peterson of Saxo Capital Markets talks about the forex trades he favors.
*Canadian dollar ends at C $1.3155, or 76.02 U.S. cents. TORONTO, Feb 8- The Canadian dollar edged higher against its U.S. counterpart on Wednesday as oil prices rebounded and domestic housing starts climbed, while a recent rally for the greenback lost some momentum. European political concerns and recent losses for oil added to downward pressure on bond yields,...
The dollar fell pressured by the decline in U.S. Treasury yields as investors have priced out a March rate hike by the Federal Reserve.
President Trump is likely to take an aggressive approach to the yen when he meets Japanese Prime Minister Shinzo Abe.
The currency also suffered as investors reassessed the prospect of a faster pace to U.S. interest rate hikes after Philadelphia Federal Reserve Bank President Patrick Harker said late on Monday he would be open to raising rates at the central bank's March meeting if growth in jobs and wages continues. The Canadian dollar settled at C $1.3167 to the greenback,...
The dollar climbed to a more than one-week high on Tuesday as it gained for a fifth straight session.
At 9:24 a.m. ET, the Canadian dollar was trading at C $1.3170 to the greenback, or 75.93 U.S. cents, weaker than the Bank of Canada's close on Monday of C $1.3087, or 76.41 U.S. cents. Canada posted a C $923 million trade surplus in December, thanks largely to booming crude oil exports, Statistics Canada said. Meanwhile the U.S. trade deficit fell more than expected in...
The Canadian dollar settled at C $1.3087 to the greenback, or 76.41 U.S. cents, weaker than the Bank of Canada's official close on Friday of C $1.3028, or 76.76 U.S. cents. The loonie traded in a range of C $1.3008 to C $1.3135. "We spent two or three days trying to push through C $1.30 without any real success," said Darcy Browne, managing director for foreign exchange sales...
The euro fell to a one-week low against the dollar on Monday on concerns over French politics ahead of the presidential vote.
*Canadian dollar at C $1.3073, or 76.49 U.S. cents. At 8:47 a.m. ET, the Canadian dollar was trading at C $1.3073 to the greenback, or 76.49 U.S. cents, weaker than the Bank of Canada's official close on Friday of C $1.3028, or 76.76 U.S. cents. The most optimistic see a C $1.5 billion surplus, while the most pessimistic expect a C $1.5 billion deficit.
The dollar fell after the employment report showed a smaller-than-expected rise in wages last month despite strong jobs gains.
*Canadian dollar at C $1.3030, or 76.75 U.S. cents. U.S. crude prices were up 0.02 percent at $53.55 a barrel as investors weighed the possibility of new sanctions on Iran. At 9:40 a.m. ET, the Canadian dollar was trading at C $1.3030 to the greenback, or 76.75 U.S. cents, slightly weaker than Thursday's close of C $1.3020, or 76.80 U.S. cents.
The dollar fell to its lowest since mid-November after the Fed disappointed investors, before trying for gains.
The British pound skewed on Thursday after the BOE announced it was keeping its interest rates unchanged and raised its growth forecasts.