While the loonie is struggling against some its major counterparts, overall, the Canadian dollar is seeing improvement today.
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Euro is seeing a bit of strength today, thanks to the latest news about the banking union. It’s not enough for the 17-nation currency to overcome its earlier losses to the dollar and the yen, but the euro is paring its earlier losses and looking toward the future.
Euro is struggling against other currencies right now, mostly lower as other currencies gain the upper hand, thanks to better economic data. Better data reports in the United States and United Kingdom are helping the dollar and the pound.
After gaining some ground earlier on oil prices, the Canadian dollar is mostly flat today. Trading is thin, and the loonie is looking for direction — much like other currencies.
There is evidence that the Japanese economy is on the upswing, and many people are crediting Abenomics with the fact that significant inflation might be coming to Japan for the first time in nearly 20 years.
Euro continues to struggle a bit against the US dollar today, even after the latest unemployment release in the eurozone.
The greenback is one of the very few major currencies that the euro is gaining against. When compared to other major currencies, the euro is losing ground.
Loonie is up against its major counterparts, including the greenback, as better news out of Canada supports the currency, and as a touch of risk appetite provides demand for yield.