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Canadian dollar rises amid pressures on US dollar

Economies.com
2019-04-22 15:11PM UTC

The Canadian dollar rose during the day amid pressures on the US currency as well as the continued trade negotiations optimism between Washington and Beijing.

 

The dollar was under pressure today after US President Donald Trump announced the end to sanctions waivers for Iran oil importers.

 

Whilst, there have yet to be any concrete results from US-China trade talks despite positive statements from Washington and Beijing.

 

The world's two largest economies have already reached a mechanism to implement any possible deal that could be concluded as expected in the markets.

 

In terms of trading, at 14:58 GMT, the Canadian dollar rose against the US dollar by 0.2% to 0.7485, with the highest price at 0.7493 and the lowest price at 0.7467.

Palladium settles above $1,400 mark

Economies.com
2019-04-22 13:54PM UTC

Palladium prices stabilized during Monday's trading after a number of international markets returned to work from the Good Friday holiday. As the industrial metal remained above the $1400 barrier, to resume its positive tone of trading.

 

It is still expected that car companies will continue to demand palladium to incorporate in vehicle parts to reduce their toxic emissions, due to the tightening of carbon emission standards to combat air pollution and climate change.

 

Whilst, Russia's ban on palladium exports will take effect from May to October.

 

At 13:41 GMT, the dollar index (against a number of major currencies) stabilized at 97.3 points, reaching a high of 97.7 points and a low of 97.3 points.

 

In terms of trading, by 13:41 GMT, palladium futures (June delivery) rose by 0.2% to $1401.5 an ounce, with a high of $1417.2 and a low of $1397.5.

USD/JPY stabilizes for first session in 3

Economies.com
2019-04-22 05:55AM UTC

The US dollar fluctuated in a narrow bullish range during the Asian session against the Japanese Yen amid a lack of economic data from the Japanese economy, the third largest economy in the world and on the threshold of developments and economic data expected Monday by the US economy.

 

At 05:54 GMT, USD/JPY rose 0.01% to 111.94 compared to the opening levels at 111.93, after reaching the highest level of 111.99, while the lowest at 111.85.

 

Investors are currently waiting for the US economy to release the Existing Home Sales Index reading, which may reflect a decline of 3.7% to 5.31 million, versus 11.8% at 5.51 million homes in February. in addition to the Initial US GDP reading for the first quarter by the end of this week.

EUR/USD tilts lower during the Easter holiday in Europe

Economies.com
2019-04-22 04:37AM UTC

Euro fluctuated lower in a narrowly range during the Asian session against the US dollar amid a lack of economic data from the Eurozone economies due to the Easter holiday in most of the world countries, and on the threshold of developments and economic data expected Monday by the US economy.

 

At 04:35 GMT, EUR/USD fell 0.06% to 1.1238, compared with the opening at 1.1244, after reaching a low of 1.1236, while reaching a high of 1.1250.

 

Investors are currently waiting for the US economy to release the Existing Home Sales Index reading, which may reflect a decline of 3.7% to 5.31 million, versus 11.8% at 5.51 million homes in February. in addition to the Initial US GDP reading for the first quarter by the end of this week.