The Canadian dollar continued its downward fall against the USD today, as the Forex traders expect no interest rate hike from the country’s central bank when it meets next time in two weeks.
The Canadian dollar tumbled today versus the US currency as the report about the slower pace of the Canadian inflation growth caused the investors to reduce bets on the increase of the interest rates by Canada’s central bank.
The Canadian dollar rose as the North American stocks rallied after the hostile bid for the Potash Corp. by the BHP Billiton Ltd., which increased the appeal of the
The Canadian dollar managed to grow this week and almost recovered from the last week’s losses against the U.S. dollar, as the the global stock markets gains combined with an excellent dynamics of the crude oil pushed CAD.
The Canadian dollar rose against all major currencies after the country’s central bank decided to increase the target overnight rate to 3/4 percentage point on its meeting today.
The Canadian dollar gained for the fourth straight day against its U.S. counterpart and strengthened versus the euro today after the labor market posted the very positive set of results.
The Canadian dollar declined today amid the concerns for the economic recovery, which prompted the traders to cut the bets on the increase of the interest rates by the central bank.
The Canadian dollar erased its yesterday’s losses versus the U.S. currency and extended its rally against the euro as the inflation were near the forecasted value, causing the speculation that the central bank would increase the interest rates.
The Canadian dollar strengthened today, extending its rally against the U.S. dollar for a third day, as the equities rebounded, improving the risk sentiment and increasing the appeal of the currencies tied to growth.
The Canadian dollar rose today, erasing the previous losses against the U.S. dollar and the Japanese yen, on the speculations that the central bank will raise the interest rates and after the equities and crude oil gained.
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