Canadian Dollar’s Rally Halted as Commodities Falter
The Canadian dollar had the first day of losses versus its U.S. counterpart and several other
The loonie is highly dependent on commodities rates since Canada is a main supplier of energetic and metallic commodities to the United States, and today, as the these markets had a breather, the loonie posted its first negative day in this week following the poor oil charts performance.
USD/CAD traded at 1.0534 as of 18:43 GMT from a previous rate of 1.0452 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Canadian Dollar:
- Canadian Dollar Hits Record High on Global Growth (2009-11-11)
- Crude Oil Above $80 Forces Canadian Dollar Up (2009-11-10)
- Risk Appetite Drives Canadian Dollar Up (2009-11-09)
- Canadian Dollar Down on Job Figures (2009-11-06)
- Canadian Dollar Remain High Before Jobs Report (2009-11-05)