Canadian dollar posts a 3-week high as US currency retreats

Canada News News

Canadian dollar posts a 3-week high as US currency retreats
Canada Latest News,Canada Headlines
  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Explore stories from Atlantic Canada.

Two accused teenagers to remain in custody for at least two more weeks | SaltWire #newsupdate #newsTORONTO - The Canadian dollar edged up to a near three-week high against its U.S. counterpart on Monday as risk sentiment improved and ahead of monthly GDP data this week that could offer clues on the strength of the domestic economy.

The U.S. dollar lost ground against a basket of major currencies as the yen rose sharply following possible intervention by Japanese authorities, while Wall Street's main indexes crept higher and U.S. Treasury yields eased for a second straight day. Speculators have reduced their bearish bets on the Canadian dollar, data from the U.S. Commodity Futures Trading Commission showed on Friday. As of April 23, net short positions had decreased to 76,450 contracts after hitting 82,815 in the prior week, the highest level in nearly seven years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK to deport migrants to Rwanda based on group agreed by Kigali, document showsUK to deport migrants to Rwanda based on group agreed by Kigali, document showsExplore stories from Atlantic Canada.
Read more »

Argentina oilseed union strikes to protest Milei labor reformsArgentina oilseed union strikes to protest Milei labor reformsExplore stories from Atlantic Canada.
Read more »

Tennis-Battling Nadal beats Cachin to reach Madrid Open fourth roundTennis-Battling Nadal beats Cachin to reach Madrid Open fourth roundExplore stories from Atlantic Canada.
Read more »

Lunenburg County man facing several charges after fleeing from police twiceLunenburg County man facing several charges after fleeing from police twiceExplore stories from Atlantic Canada.
Read more »

Argentina oilseed union strikes to protest Milei labor reformsArgentina oilseed union strikes to protest Milei labor reformsExplore stories from Atlantic Canada.
Read more »

Russian missile hits educational institution, kills two in Ukraine's OdesaRussian missile hits educational institution, kills two in Ukraine's OdesaExplore stories from Atlantic Canada.
Read more »



Render Time: 2025-02-15 18:18:56