Canadian Dollar Rises on Russian Bets
The Canadian dollar touched the highest price in a week after the crude oil advanced today and Russia affirmed that it will add the Canadian currency in its reserves, raising attractiveness for the loonie in trading markets.
After the Russian central bank affirmed that it will add the Canadian currency to its reserves, the loonie gained against most of the 16 main traded currencies, also as commodities and stocks advanced today, increasing even further the appeal for the relative
USD/CAD traded at 1.0452 as of 23:13 GMT from a previous rate of 1.0565 in the intraday.
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.
