Investing.com - The dollar was higher against the yen on Wednesday following the release of slightly stronger than expected data on Chinese first quarter growth, while the Canadian dollar weakened following a dovish rate statement from the Bank of ...
But he ruled out additional short-term stimulus. The Canadian dollar jumped 0.42 of a cent Wednesday as the release of the minutes of the last Federal Reserve meeting eased concerns about the pace of interest rate hikes and pushed the greenback lower.
The Canadian dollar closed higher Wednesday, adding to a recent string of advances as the release of the minutes of the last Federal Reserve meeting eased concerns about the pace of interest rate hikes and pushed the greenback lower.
Canadian Dollar And Business Outlook. Posted Apr. 11th, 2014 No Comments. By Commodity News Service Canada. Winnipeg, April 11 - The Canadian dollar fell Friday morning in the face of a strengthening US dollar and weakening global markets.
The Pound to Canadian Dollar exchange rate (GBP/CAD) rallied to a fresh 3-week high yesterday as markets reacted to a roster of strong UK labour market data and another spell of dovish rhetoric from the Bank of Canada.
The Loonie rally on the improved inflation data may have surprised Forex traders after the Bank of Canada said yesterday that higher inflation this year is only transitory and the 2% inflation target is unlikely to be met until 2016.