Greenback Trading

Greenback Trading

At 9:23 a.m. EDT (1323 GMT), the Canadian dollar was trading at C$1.2881 to the greenback, or 77.63 US cents, stronger than Thursday's close of C$1.2926, or 77.36 US The currency's weakest level of the session was C$1.2922, while it touched its strongest The dollar index, which measures the greenback against six major peers, was up 0.56 per cent at 96.116 in late trading, the highest level in three weeks. Oil prices also decreased on market concerns over the increasing Middle East crude output. Iraq Naira yesterday appreciated in value against the dollar at the interbank spot FX market after the Central Bank of Nigeria (CBN) sold some greenback to some deposit money banks. Consequently, after trading yesterday, the naira gained N1.90k as it closed at THE Australian dollar is higher after patchy US economic data pushed the greenback lower. At 0700 AEST on Friday, the local unit was trading at 75.52 US cents, up from 75.44 cents on Thursday. Westpac senior market strategist Imre Speizer said the US China’s yuan has doubled its share of global currency trading in the three years through April 2016 with the report saying that 95 percent of the currency’s turnover was against the greenback this April. The onshore yuan was little changed at The Greenback rallied sharply through the close of this past week with significant help from Fed Chair Janet Yellen at the Jackson Hole Symposium. The single-day rally was the biggest since the safe haven’s surge in the wake of the Brexit vote , but .

The news also helped briefly boost the Korean won against the U.S. dollar in early trade, though the greenback has since recovered losses The declines come despite some bargain hunting in early Asian trading Friday, pushing up oil prices slightly. Greenback closed as one of the best performing major currencies Japan’s benchmark Nikkei 225 added 2.2 percent to 16,719.31 in early trading. Japanese stocks generally gain on a weak yen because the earnings of the nation’s giant exporters are The greenback declined against the other major currencies after these data. The greenback was trading at 1.1146 against the euro, 1.3283 against the pound, 0.9844 against the franc and 103.85 against the yen around 10:01 am ET. Canadian dollar at C$1.2927, or 77.36 U.S. cents * Bond prices lower across the maturity curve TORONTO, Aug 25 The Canadian dollar was little changed against the greenback on Thursday despite solid U.S. data and lower oil prices, trading in a narrow range .

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