The loonie fell again today after having interrupted its rally versus the greenback on Tuesday due to a fall in crude oil rates, affecting directly the commodity-linked Canadian currency.
The Canadian dollar did not manage to rebound versus its U.S. counterpart as stocks and commodities fell today, pushed by a U.S. durable good orders report which indicated rather pessimistic figures for the past month, forcing investors to purchase safer assets like dollar-priced options. The loonie ended a long streak which brought its level to the highest in eleven months.
USD/CAD traded at 1.0901 as of 18:31 GMT from a previous rate of 1.0828 yesterday.
If you have any questions, comments or opinions regarding the Canadian Dollar,
feel free to post them using the commentary form below.
