The Canadian dollar is tumbling
Advertisement
The Canadian dollar is weaker after reports the US is planning a move that may escalate a long-running trade dispute with Canada.
Advertisement
The currency is down by 0.5% at 1.3565 per US dollar as of 7:52 a.m. ET.
US Commerce Secretary Wilbur Ross said on Monday that his department will slap new anti-subsidy duties on Canadian softwood lumber imports.
Ross told Reuters that the duties, averaging 20%, would affect $5 billion worth of softwood lumber imports from Canada.
As for the rest of the world, here's the scoreboard as of 7:56 a.m. ET:
Advertisement
- The US dollar index is little changed at 99.05 ahead of a slew of data. Case-Shiller home prices will be out at 9 a.m. ET and new-home sales and confidence are due out at 10 a.m. ET.
- The euro is up by 0.2% at 1.0886 against the dollar, holding on to the bulk of its gains after the first round of the French election. The single currency gained about 2% as markets opened Sunday following the results, and it finished Monday's session with a gain of 1.3%.
- The Russian ruble is down by 0.4% at 56.0405 per dollar, while Brent crude oil, the international benchmark, is little changed at $49.25 per barrel.
- The Japanese yen is down by 0.7% at 110.53 per dollar.
- The British pound is up by 0.2% at 1.2824 against the dollar.
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Markets rebound sharply on buying in bank stocks firm global trends