Page 15 - Adam Button News Today

Message : Required fields TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Thursday, pulling back from an earlier one-week high as a sell-off on Wall Street driven by higher bond yields offset surging oil prices. The safe-haven U.S. dollar rallied against a basket of major currencies and Wall Street slumped after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields. Canada runs a current ...

high and investors shrugged off data showing Canada lost far more jobs than expected in January, with the loonie ending a three-week run of weekly declines. The loonie was trading 0.5% higher at 1.2766 to the greenback, or 78.33 U.S. cents, having traded in a range of 1.2765 to 1.2832. U.S. dollar against a basket of major currencies. “The bull market in commodities is a nice tailwind for the Canadian dollar,” said Adam Button, chief currency analyst at ForexLive. as a global economic rec...