Canadian Dollar Falls As Oil Prices Decline
March 02 2015 - 9:30AM
RTTF2
The Canadian dollar declined against its most major rivals in
early New York deals on Monday, as oil prices continued to fall
amid a higher dollar, and on concerns over demand growth.
Crude for April delivery fell $0.72 to $49.04 per barrel.
The loonie fell to a 4-day low of 1.4055 against the euro,
compared to Friday's closing value of 1.4008.
The loonie was trading lower at 1.2517 against the greenback,
hovering around an early 4-day low of 1.2525.
The loonie eased back to 95.65 against the yen, from an early
multi-week high of 95.97.
The loonie may possibly find support around 1.41 against the
euro, 1.26 against the greenback and 95.00 against the yen.
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