Loonie Starts Week Bearish on Copper, Stocks
The Canadian currency didn’t manage to continue its last week rally as stocks and commodities markets had a less optimistic performance this Monday, setting the loonie down versus its U.S. counterpart and the Japanese yen.
As stocks operated near neutrality and metallic commodities, like the copper, went down today, The Canadian currency retreated from its highest level in February versus
USD/CAD traded at 1.0424 as of 16:22 GMT from an opening rate of 1.0384 yesterday. CAD/JPY traded at 87.42 from 88.05.
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Earlier News About the Canadian Dollar:
- Loonie Up Despite U.S. Discount Rate (2010-02-19)
- Canadian Dollar Down on U.S. Discount Rate (2010-02-19)
- Canadian Dollar Slides Versus Greenback on U.S. Data (2010-02-17)
- Crude Oil, European Confidence Push Loonie Up (2010-02-16)
- Canadian Dollar Advances on U.S. Jobless Claims (2010-02-11)