Canadian Dollar Rises vs. Greenback, Falls vs. Euro

The speculation that the China would perform the measures to cut the inflation and prevent the
The optimism, caused by the talks about the Irish bailout, still supported the loonie against its US counterpart. The economists say that the Canadian currency remains very attractive, being tied to commodities, as commodities, particularly raw materials, are likely to continue to rally in the future.
USD/CAD closed at 1.0177 after it opened at 1.0188 and surged to the intraday high of 1.0232. EUR/CAD opened at 1.3899 and closed at 1.3928, following the jump to 1.3999.
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.
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