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02/06/2012 12:37 AST
Canada's dollar dropped for a fifth consecutive week in the longest losing streak in a year as speculation a slowing recovery for the nation's biggest trade partner and Europe's worsening debt crisis curtailed demand.
The currency touched the lowest since November after a report yesterday showed the U.S. added the fewest jobs in a year. Bank of Canada policy makers meet on June 5, four days after Statistics Canada said growth stagnated in the January- March period as consumer spending increased at the slowest pace in three years, raising the chances of lower interest rates by the end of 2012.
"You had the dual-pronged attack on the Canadian dollar, with worse than expected payrolls and GDP," said John Curran, senior vice president in Toronto at CanadianForex Ltd., an online foreign-exchange dealer, in a telephone interview. "That plays firmly into the hands of the 'risk-off' scenario which is the underlying trade out there because of European concerns."
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Bloomberg
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
03/07/2025
With the US dollar at multi-year lows and expected to weaken further over the next six to 12 months, prospects are improving for emerging-market assets, a report showed on Wednesday.
Standar
Khaleej Times
02/07/2025
The crypto market is poised for significant growth in 2025, and Bitcoin, the largest cryptocurrency, could hit $200,000 this year, a senior official said.
"The successful clearance of the G
Khaleej Times
27/06/2025
The US dollar on Thursday eased to a three-and-a-half-year low against the euro as concerns about the future independence of the US Federal Reserve (central bank) undermined faith in the soundness of
ONA
25/06/2025
The US dollar declined against other currencies in Tuesday's trading.
The dollar index, which measures the performance of the US currency against a basket of currencies, fell to 98.12, conti
QNA
24/06/2025
The dollar rose Monday as investors turned to safe-haven assets, but the restrained moves suggest markets are monitoring developments in the Middle East.
In currency markets, the euro was 0.
QNA
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