Canadian Dollar Strengthens as Stocks Remain Bullish

The Canadian dollar was traded today at the highest level in this week as stocks and commodities continued to have a positive performance today, helping the loonie to remain strong versus the greenback.
After a negative beginning of the week for the Canadian dollar with rising risk aversion and a faltering crude oil, the loonie rebounded as optimism reappeared today mainly in the European session, as countries like Germany and France unexpectedly grew in the second quarter, pushing stocks and commodities up worldwide.
USD/CAD traded at 1.0879 as of 20:21 GMT from 1.0890 in the intraday comparison.

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