RTTN: Canadian Dollar Shows Mixed Trading Against Majors
(RTTNews) - During early European deals on Friday, the Canadian dollar showed mixed trading against its major counterparts. While the loonie declined against the Australian dollar and the yen, it pared gains against the U.S. dollar. On the other hand, the loonie recovered against the euro.
Against the Australian dollar, the Canadian dollar extended its Asian session's slide during early European trading on Friday. The loonie fell to 0.9322 against the aussie at 5:20 am ET. As of now, the aussie-loonie pair is now worth 0.9319, compared to yesterday's close of 0.9282.
Moving away from Asian session's choppy trading, the Canadian dollar declined to 86.47 versus the Japanese currency at 5:00 am ET Friday. At present, the loonie-yen pair is trading at 86.51, compared to 86.31 hit at yesterday's New York session close.
The Canadian dollar that hit a high of 1.0304 against the greenback at 10:25 pm ET Thursday, lost momentum gradually and touched 1.0326 at 5:10 am ET Friday. Currently, the loonie is trading at 1.0325 against the greenback, compared to yesterday's close of 1.0318.
The Canadian dollar that slipped to 1.4056 at 4:10 am ET Friday, gained to 1.4032 against the euro at 5:10 am ET. As of now, the euro-loonie pair is worth 1.4031, compared to Thursday's New York session close of 1.4018.
In the upcoming hours, the German factory orders report for January is scheduled for release.
From the U.S., the non-farm payrolls report for the month of February is slated for release at 8:30 am ET.
The U.S. Federal Reserve is expected to release its monthly consumer credit report at 3 pm ET.
