Tag: worries

C$ slips to 6-week low as COVID-19 worries bolster greenback

* Canadian dollar weakens 0.4% against the greenback

* Loonie hits a 6-week low at 1.3355

* Price of U.S. oil increases 0.2%

* Canada’s 10-year yield steadies at about 0.560%

TORONTO, Sept 23 (Reuters) – The Canadian dollar fell to a
six-week low against its broadly stronger U.S. counterpart on
Wednesday, as data showed euro zone business growth grinding to
a halt this month and as investors awaited details of Ottawa’s
spending proposals.

The loonie was trading 0.4% lower at 1.3351 to the
greenback, or 74.90 U.S. cents.

The currency touched its weakest intraday level since Aug.
11 at 1.3355, while the safe-haven U.S. dollar clung to
two-month highs against a basket of major currencies as concerns
about a second wave of coronavirus infections in Europe met weak
economic indicators.

Data showed the euro zone’s service industry slamming into
reverse. .

Canadian Prime Minister Justin Trudeau on Wednesday will

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Surge In SDSU COVID Cases Worries Small Business Owners

Small business owners, many of who are already on the brink of closure, are fearing the worst after an explosion of COVID cases linked to San Diego State University.



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Large Labor Day Beach Crowds Have Some Worried About COVID Spike

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San Diego County is in the Red Tier of the state’s current COVID-19 monitoring system, which tracks counties by the number of positive cases recorded each day and the percentage of positive cases out of the total number of tests administered, both of which are averaged

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Gold eases on firmer dollar; recovery worries limit losses

An Argor-Heraeus SA stamp sits on a 250 gram gold bar in Budapest, Hungary, on  March 10, 2016.

Akos Stiller | Bloomberg | Getty Images

Gold prices slipped on Tuesday, weighed down by a stronger U.S. dollar, but the safe-haven metal’s decline was limited by growing fears over the global economic recovery from the coronavirus crisis.

Spot gold was down 0.2% at $1,925.09 per ounce by 0320 GMT. U.S. gold futures fell 0.2% to $1,931.20.

“Over the past 24 hours we have seen a stronger U.S. dollar that is something that has weighed a little bit on gold,” said DailyFx currency strategist Ilya Spivak.

“The $1,900 level in very important for gold right now here.”

The dollar index rose against its rivals, making gold more expensive for holders of other currencies.

Hopes around swift economic recovery faded after data showed that Japan’s economy shrank more than initially estimated in the

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