Loonie Strengthens After Strong Canadian Inflation Data

The Canadian dollar moved up against its major counterparts in the European session on Friday, following the release of a data showing improving domestic consumer inflation in January. Data from Statistics Canada showed that consumer prices grew 0.5 percent on a seasonally adjusted monthly basis, after rising 0.1 percent in ...

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Canadian Dollar Advances Against Most Majors

The Canadian dollar gained ground against its most major opponents in the European session on Friday. The loonie rose to 1.2687 against the greenback and 1.5613 versus the euro, from its early lows of 1.2725 and 1.5675, respectively. The loonie reversed from an early low of 0.9970 against the aussie, ...

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Crude Oil Lower Ahead Of Rig Count

Crude oil futures were slightly lower Friday morning ahead of the weekly U.S. rig count report from Baker Hughes. BH is expected to report that U.S. drillers continued to add rigs last week in hopes of capitalizing on +$60 oil. WTI light sweet crude oil was down 22 cents at ...

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Euro Mixed After Eurozone Inflation Data

The euro came in mixed against its major counterparts in the European session on Friday, after a data showed that Eurozone inflation eased as estimated in January. Final data from Eurostat showed that inflation slowed slightly to 1.3 percent in January from 1.4 percent in December. The rate came in ...

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