Loonie rises on higher oil prices, risk appetite

2019-02-12 19:21:15 GMT (Economies.com)
Loonie rises on higher oil prices, risk appetite

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. 

 
 
  Symbol Last Change Chg.%
1.1336
0.0037
0.3239%
1.3033
0.0126
0.9731%
16.009
0.230
1.458%
57.100
1.327
2.378%
67.08
0.63
0.95%
1338.215
16.880
1.278%
 
 
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