Loonie firms as oil hits highest since May and US eyes Canada tariff relief
The Canadian dollar firmed as war worries pushed oil to its highest since May and a report said the US may lift some tariffs on Canadian goods.
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The Canadian dollar firmed as war worries pushed oil to its highest since May and a report said the US may lift some tariffs on Canadian goods.
The euro sagged as France's October PMI fell into contraction and eurozone data missed, while the yen held haven gains and UK PMIs beat forecasts.
The yen climbed to a five-week high as AI worries sank the Nasdaq and US 10-year yields closed at a one-month low, with Japan CPI and the BoC next in focus.
The yen rose to a three-week high as Gulf shipping attacks and AI stock jitters drove safe-haven flows, while US Treasury yields fell to one-month lows.
The dollar edged up late as Gulf embassy warnings lifted oil, a US 20-year auction tailed and New Zealand Q3 CPI eased to 3.7%, below forecasts of 3.8%.
Sterling rose after UK CPI hit 3.5% against 3.4% expected, while RBA's Hauser put a November hike in play and the dollar held near a 3-week low.
Bitcoin briefly fell below $81,000 as Brent crude rose and stocks slipped, while the SEC named tokenization an exam risk and a senator probed Tether payments.
Bitcoin held near $81,600 as US spot ETFs lost $635 million, ending a three-day inflow streak, while Fear & Greed fell to a neutral 50 from 68.
Bitcoin fell 3.29% to $81,328 near the ETF cost basis as Trump's Iran comments and oil above $111 hit stocks, while ETFs drew about $1.07 billion in three days.
Bitcoin fell 2.59% to $81,670 after a failed run toward $85,000, as AI doubts, a Kospi slump and higher oil pushed markets risk off and altcoins slid.
Bitcoin rose 1.32% to $84,093 after a weekly high near $84,800 as SpaceX earnings lifted stocks, while US bank groups pushed back on OCC stablecoin rules.
Bitcoin rose 1.26% to $84,023 as Asian tech stocks rebounded, Fear & Greed jumped to 63, Solana's Alpenglow went live and the OCC finalized stablecoin rules.