Greenback supported vs. loonie, hovers near 4-week highs
Investing.com – The U.S. dollar was hovering near four-week high against its Canadian counterpart on Wednesday, despite the release of upbeat Canadian housing sector data, as sentiment on the greenback remained broadly positive.
was up 0.30% at 1.2529 by 09:30 a.m. ET (13:30 GMT), just off the previous session’s almost four-week peak of 1.2567.
Statistics Canada reported on Wednesday that building permits rose more than expected by in December.
Meanwhile, traders were still digesting the following the release of strong last Friday, which sparked concerns over rising inflation, sending bond yields sharply higher.
The index was particularly hit on Monday, when it recorded its worst daily point drop in history.
The loonie was little changed against the euro, with at 1.5456.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Trump not trying to intervene in currency markets: Mnuchin - July 21, 2018
- Flailing Euro Is Unlikely to Find Any Succor From ECB Meeting - July 20, 2018
- Forex – Dollar Slumps on Trump Trade Comments - July 20, 2018