The Canadian dollar strengthened against its U.S. counterpart on Tuesday as oil prices rose and despite domestic data that showed factory activity slowing further in June.
The loonie was up 0.2% at 1.3225 to the greenback, or 75.61 U.S. cents, in subdued trading with U.S. financial markets closed for the July 4 public holiday.
Speculators have slashed their bearish bets on the Canadian dollar, data from the U.S. Commodity Futures Trading Commission showed on Friday. As of June 27, net short positions had decreased to 2,847 contracts from 33,543 in the prior week. Canada's employment report for June is due for release on Friday. The data could help guide expectations for next week's interest rate decision by the Bank of Canada.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's factory activity grew more slowly in June, Caixin survey showsOfficial data last week pointed to stuttering growth in the world's second-largest economy.
Read more »
Japan factory activity slips back into contraction in June on soft ordersJapan's factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for cyclical goods amid a global economic slowdown.
Read more »
China's June factory activity slows as conditions weaken - Caixin PMIChina's factory activity growth slowed in June, a private sector survey showed on Monday, with sentiment waning and recruitment cooling as firms grew increasingly concerned about sluggish market conditions.
Read more »
What to Watch: The 16 Best New Movies and TV Shows From JuneSparks fly in Pixar’s charming fire-meets-water romantic comedy, Boots Riley returns with the screwball story of a 13-foot-tall young man, documentaries explore “Midnight Cowboy” and the creators of some of rock’s most iconic album covers, and much, much more.
Read more »
Indonesia's June inflation eases to lowest in 14 monthsIndonesia's annual inflation rate in June eased to 3.52%, settling into the central bank's target range for a second straight month, data from the statistics bureau showed on Monday.
Read more »
Chinese EV stocks rally as June deliveries spike By Investing.com⚠️BREAKING: *CHINESE EV STOCKS RALLY AS JUNE DELIVERIES SPIKE $XPEV $NIO $LI 🇨🇳🇨🇳
Read more »