Forex

Loonie rises on higher oil prices, risk appetite

2019-02-12 19:21:15 GMT (Economies.com)

Canadian dollar rose against its US counterpart as investors pick up risk assets while oil prices power up, underpinning loonie. 

 

The US dollar index shed 0.1% to 96.96, with an intraday high at 97.2, and a low at 96.8. 

 

Investors are avoiding safe havens amid market optimism that Congress and the White House will reach a deal in time to fund the government. 

 

As of 15:41 GMT, US West Texas rose 1.9% to $53.4 a barrel, with a session-high at $54.05, and a low at $52.2. 

 

Brent rose 2.1% to $62.7 a barrel, with an intraday high at $63.3 a barrel, and a low at $61.5. 

 

CAD/USD rose 0.3% to 0.7542 as of 15:52 GMT, with a session-high at 0.7555, and a low at 0.7506. 

More News

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.