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.
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