The Canadian Dollar strengthens against its U.S. counterpart

Note: This section contains information in English only.
Source: Bloomberg

The Canadian Dollar appreciated against its U.S. counterpart, reaching a two-month high. Previously, the Federal Reserve disclosed information with respect to plans to boost U.S. economy, thus spurring demand for risky assets. Moreover, Canadian gross sales exceeded forecasts in May. The Loonie gained 0.3% to CAD 1.0074 per one unit USD on Thursday, July 19, in Toronto. However, the Australian Dollar keeps gaining value against its U.S. and Canadian counterparts. The Canadian Dollar depreciated against its Australian peer by 0.3% to CAD 1.0504 on Friday, July 20.

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Fri, 20 Jul 2012 16:05:23 GMT

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