Wed, 21 Aug 2013 05:24:05 GMT
Canadian Dollar drops against most counterparts as RBA signals rate cut
The Canada's Dollar retreated versus the majority of it counterparts after the central banks of Australia and New Zealand provided signs that steps may be taken to reduce the value of their currencies. The Canadian Dollar weakened 0.4% to C$1.0390 versus the U.S. Dollar at 8:34 a.m., the currency reached C$1.0402, the lowest level since August 8.