Canadian Dollar Falls Against Most Majors; CPI Data Due
February 26 2015 - 8:24AM
RTTF2
The Canadian dollar reversed direction and fell against its most
major opponents on Thursday's European deals, due to weakness in
oil prices.
Crude oil for April delivery fell $1.02 to $49.97 a barrel.
The loonie slipped to 95.22 against the yen and 1.2480 against
the greenback, pulling away from an early high of 95.86 and an
8-day high of 1.2386, respectively.
The loonie declined to a 2-day low of 0.9839 against the aussie,
off early 6-day high of 0.9747.
The loonie is likely to eye support around 1.26 against the
greenback, 0.984 against the aussie and 94.5 against the yen.
At 8:30 am ET, Statistics Canada will release Canada's consumer
prices data for January. Annually, CPI is seen rising by 0.8
percent, slower than the 1.5 percent growth in the previous month.
The index is expected to decrease by 0.4 percent, after a 0.7
percent drop in December.
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