Canadian dollar soars, reacting to hawkish major bank comments

Canadian dollar soars, reacting to hawkish major bank comments

On Tuesday, the Canadian dollar went up to its highest level in almost two months, buoyed by hawkish comments from Canada's major financial institution, while worries regarding UK political uncertainty suppressed the British pound.

At one point, Canada’s currency demonstrated its best outcome since April 17, hitting C$1.3274 per greenback, extending revenues after soaring more than 1% on Monday. The Canadian dollar last traded at C$1.3293, tacking on approximately 0.2% on the day.

On Monday, Bank of Canada Senior Deputy Governor Carolyn Wilkins told that first-quarter surge turned to be impressive enough and the signs that economic growth was extending would lead the major bank to consider whether current low interest rates would still be actual.

The British pound dropped 0.1%, hitting $1.2653, having lost 2.3% two days ago.

Against the Japanese yen, the evergreen buck was intact, keeping to 109.97. As for the common currency, it dropped 0.1%, being worth $1.1193.

Similar

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Crude holds revenues on API estimates

On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera