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Canadian dollar unchanged, oil prices moved a little higher

By MoneyWay | Oct 12, 2018

Announcements by the U.S and China agreeing to meet at November’s G20 conference gave equity traders reason enough to stop selling, West Texas Intermediate moved back over $71 USD a barrel, allowing the Canadian dollar to remain unchanged.

The euro and pound retreated from two-week and three-week peaks, respectively, versus the greenback reached following comments from EU Brexit negotiator Michel Barnier on Wednesday who suggested an agreement for Britain to leave the EU could be reached next week.

U.S. consumer sentiment showed less favorable views of personal finances are pulling consumer sentiment slightly lower this month, to a still very solid 99.0 in the preliminary October reading vs 100.1 in final September and 100.8 in preliminary September. Some of the sampling in the latest period did follow Wednesday’s rout in the stock market but, according to the report, had virtually no impact on the results.

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