The Canadian dollar along as other high-yielding currencies, witnessed a fall today in trading markets as the crude oil price, one of the main nation’s exports, declined sharply, affecting the loonie’s performance in foreign-exchanges markets towards the end of this Thursday.
Stocks and commodities play a significant role in the Canadian dollar performance, and today, as risk aversion rebound slightly, a down market in equities impacted negatively the loonie, which fell versus most of the 16 main traded currencies towards the end of this Thursday as the crude oil traded near $66 dollar a barrel in New York.
USD/CAD traded at 1.0895 as of 22:49 GMT from a previous rate of 1.0751 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
Stocks and commodities play a significant role in the Canadian dollar performance, and today, as risk aversion rebound slightly, a down market in equities impacted negatively the loonie, which fell versus most of the 16 main traded currencies towards the end of this Thursday as the crude oil traded near $66 dollar a barrel in New York.
USD/CAD traded at 1.0895 as of 22:49 GMT from a previous rate of 1.0751 yesterday.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
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