Canadian Dollar Advances On Higher Oil Prices
2017年12月12日 - 11:42AM
RTTF2
The Canadian dollar climbed against its major counterparts in
late Asian deals on Tuesday, as oil prices rose following the
outage of a major North Sea pipeline due to a crack.
Crude for January delivery rose $0.40 to $58.39 per barrel.
The operator of the Forties network, Ineos, announced that it
had decided to shutdown the Forties pipeline system for a couple of
weeks to repair the crack.
Forties pipeline, which has a capacity to carry 450,000 barrels
per day crude, has been transporting oil from the North Sea to the
Kinneil processing terminal in Scotland.
Markets await cues from key central bank meetings due this week
as well as the outcome of a major annual economic planning
conference in Beijing that will set policy priorities for the next
12 months.
The Federal Reserve is widely expected to lift short-term
interest rates by 25 basis points at its two-day policy meeting
ending on Wednesday.
Other major central banks, including the European Central Bank,
Bank of England and the Swiss National Bank will announce their
policy decisions on Thursday.
The loonie recovered to 88.37 against the yen, from a low of
88.24 hit at 8:45 pm ET. If the loonie rises further, 90.5 is seen
as its next resistance level.
Data from the Ministry of Economy, Trade and Industry showed
that Japan's tertiary activity index increased at a
faster-than-expected pace in October, after falling in the previous
two months.
The tertiary activity index climbed 0.3 percent month-over-month
in October, reversing a 0.2 percent decrease in September.
Economists had expected a 0.2 percent rise for the month.
The loonie edged up to 1.2838 against the greenback, off its
previous low of 1.2861. Continuation of the loonie's uptrend may
see it challenging resistance around the 1.27 mark.
The loonie ticked up to 1.5118 against the euro early in the
Asian session and held steady thereafter. The pair finished
Monday's trading at 1.5126.
On the flip side, the loonie dropped to 0.9692 against the
aussie, after having advanced to 0.9666 at 8:00 pm ET. Further
downtrend may take the loonie to a support around the 0.98
region.
The latest survey from National Australia Bank showed that
Australia's consumer confidence slowed in November, with an index
score of +6.
That's down from the upwardly revised +9 in October.
Looking ahead, U.K. consumer and producer prices for November
and German ZEW economic sentiment index for December are set for
release in the European session.
In the New York session, U.S. producer prices and monthly budget
statement for November are due.
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