The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
The Canadian dollar weakened against most major currencies in the Asian session on Monday, as the crude oil prices fell due to fears of a U.S. recession mounted amid the tariff turmoil.
Crude oil prices moved lower amid easing concerns about sanctions on Iranian oil exports after progress in nuclear negotiations between the U.S. and Iran. West Texas Intermediate crude for May delivery slipped $1.09 or 1.7 percent to $63.60 a barrel.
Trade worries mounted after U.S. President Donald Trump on Easter Sunday posted about a 'non-tariff cheating' list, warning trade partners of non-tariff-related offenses that could spoil relations with the United States.
Meanwhile, China has warned it will hit back at countries that make deals with the U.S. that hurt Beijing's interests.
The comments came after reports that the U.S. plans to pressure governments to restrict trade with China in exchange for exemptions to U.S. tariffs.
In economic news, the People's Bank of China left its interest rates unchanged for the sixth successive session on Monday.
The central bank retained its one-year loan prime rate at 3.10 percent. Likewise, the five-year LPR, the benchmark for mortgage rates, was 3.60 percent, unchanged from the previous month. The decision matched expectations.
In the Asian trading today, the Canadian dollar fell to a 5-day low of 0.8868 against the Australian dollar, from Friday's closing value of 0.8828. The loonie is likely to find support around the 0.91 region.
Against the yen and the euro, the loonie slipped to near 2-week lows of 101.87 and 1.5915 from last week's closing quotes of 102.66 and 1.5774, respectively. If the loonie extends its downtrend, it is likely to find support around 100.00 against the yen and 1.60 against the euro.
Looking ahead, U.S. Consumer Board's leading index for March is slated for release in the New York session.
