However, the Canadian Dollar was able to gain on two of its broadly softening commodity-driven counterparts, the Australian and New Zealand Dollars. The South Pacific currencies had been adversely affected both by news from the US and by less-than-impressive Chinese manufacturing data, while the ‘Loonie’ was boosted by the expectation that tomorrow’s domestic inflation report will show that inflation rose from an annualised 0.4 per cent to 0.9 per cent in May futurecurrencyforecast/canadian-dollar-to-us-dollar-cadusd-exchange-rate-falters-as-fed-looks-towards-ending-easing/19941 #Canada #loonie #forexnews
Posted on: Thu, 20 Jun 2013 13:41:35 +0000