The greenback posted a negative performance today as a decreased demand for safety made investors to leave the U.S. currency attracted to riskier assets in emergent markets.
The dollar lost today against several emergent market currencies as North American companies like Apple Inc. posted higher-than-expected earnings, raising investors’ confidence to purchase emergent market currencies like the Russian ruble, and commodity linked currencies like the Canadian dollar.
USD/CAD traded at 1.0990 as of 20:10 GMT after peaking at 1.1105 in the intraday chart.
If you want to comment on the Canadian dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
This entry was posted on Wednesday, July 22nd, 2009 at 9:14 pm and is filed under Canadian Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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