27.03.2014 - Canadian dollar higher as commodity currencies rally
The Canadian dollar ended higher Wednesday, catching a wave of positive sentiment for commodity currencies and other risk-sensitive assets that also buoyed the Australian dollar. The U.S. dollar is at C$1.1098 Wednesday, from C$1.1167 late Tuesday, according to data provider CQG. Its session low at C$1.1089 marked its lowest point since March 17. The commodity bloc in general--the Canadian, Australian and New Zealand dollars--generally did well despite discouraging economic developments in China, said Vassili Serebriakov, forex strategist at BNP Paribas in New York.......................................Full Article: Source
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