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Canadian currency falls to two-month low amid speculation on Fed

Posted on 13 November 2013

Canada’s dollar reached the weakest in more than two months on speculation a strengthening U.S. economy will prompt the Federal Reserve to reduce stimulus measures that have helped to bolster growth worldwide.
A measure of the currency’s volatility rose to a one-month high, while crude oil, Canada’s largest export, dropped to the lowest level since June. The U.S. dollar rose against the majority of its 16 most-traded peers after reports last week showed American payrolls and gross domestic product grew more than forecast. The U.S. is Canada’s biggest trade partner……………………………………….Full Article: Source


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