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Canadian dollar hits 4-week low as oil prices plunge

2023-04-28

Oil prices dropped by almost 4% on Wednesday as markets weighed more weak economic data indicative of dire growth outlook.U.S. stocks closed mixed following strong quarterly results from Microsoft and Alphabet that both beat analyst expectations.

The Fed's May FOMC interest rate meeting

2023-04-27

The FOMC will likely deliver its third consecutive quarter of a percentage point rate increase and continue to allow assets to roll off of its nearly $8.6 trillion balance sheet in its year-long campaign to get inflation under control without sending the U.S. economy into a recession.

Oil slips 2% on economic woes

2023-04-26

U.S. Stocks sold off as disappointing earnings and economic data fueled recession fears, sending safe havens higher and oil sharply lower.All three major indexes ended down 1% or more, with NASDAQ plunging nearly 2%, the biggest daily drop since March 9.

China holiday travel boom stems oil price drop

2023-04-25

The dollar and gold have been stuck in a sideways range, with oil up over 1%.Traders are unwilling to take positions before Thursday’s GDP and PCE reading. U.S. growth and inflation is expected to slow further.

Oil falls 2% on recession fears

2023-04-21

Weak data weighed on U.S. dollar. Gold hovered around $2,000 and oil plunged to the lowest level since the end of March.

Oil falls 2% as dollar gains on rate path uncertainty

2023-04-20

Gold prices fell below the key $2,000 level as the dollar and Treasury yields regained footing on Wednesday. Oil slid about 2% to a two-week low despite a sharp decline in U.S. crude inventories.

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