Fri, May 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Canada’s dollar strengthens as stocks, commodities advance

Posted on 15 October 2008

From Bloomberg: Canada’s currency strengthened for a second day, its longest winning streak in more than two weeks, as global stock markets rose and prices for commodities such as crude oil advanced.

“When we see more up days in equity markets, it tends to equate to risk appetite, and by extension, a bid for commodity markets and commodity-market currencies,” said Jack Spitz, a managing director of foreign exchange at National Bank of Canada in Toronto. “That equates to a stronger” Canadian currency…… Full Article: Source


 Article link

This post was written by:

VRS - who has written 40705 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31