Canadian Dollar Advances on GDP Figures
After Canada posted positive quarterly gross domestic product figures, the national currency benefited on the economic outlook and optimism, advancing versus most of the 16 main traded currencies in
Even if Canadian GDP quarterly figures came below expectations at an annual rate of 0.4 percent, optimism helped the loonie, that also benefited after the U.A.E. central bank said it will back debts made by the Dubai World investment agency, declining risk aversion in financial markets worldwide.
USD/CAD traded at 1.0556 as of 18:43 GMT from 1.0603 yesterday.
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Earlier News About the Canadian Dollar:
- Dubai Debt Makes Another Victim: Canadian Dollar (2009-11-27)
- Canadian Dollar Rises on Russian Bets (2009-11-26)
- Canadian Currency Tumbles on Risk Aversion (2009-11-24)
- Canadian Dollar Rebounds on Gold, Oil (2009-11-23)
- Canadian Dollar to Tumble Further? (2009-11-20)