Canadian Dollar Hits One-Month High as Rate Gap Narrows
The loonie strengthened against the US dollar as oil prices rose and the gap between US and Canadian interest rates narrowed. USD/CAD traded 0.3% higher at 1.4007 per US dollar, with the Canadian dollar at 71.39 US cents.
By Fergal SmithThe Canadian dollar strengthened to a one-month high against its US counterpart on Thursday as oil prices rose and the gap narrowed between US and Canadian interest rates.The loonie FX_IDC:USDCAD was trading 0.3% higher at 1.4007 per US dollar, or 71.39 US cents, its strongest intrad…