Previous Close | 0.7808 |
Open | 0.7809 |
Bid | 0.7759 |
Day's Range | 0.7754 - 0.7817 |
52 Week Range | 0.7658 - 0.8328 |
Ask | 0.7754 |
USD/CAD pulls back as yields rise.
The Canadian dollar strengthened against its U.S. counterpart on Friday as oil prices rose and Wall Street clawed back some recent losses, but the currency was on course to extend a string of weekly declines. U.S. stock indexes rose at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth. The price of oil, one of Canada's major exports, rose as the prospect of a European Union ban on Russian oil offset worries about faltering global demand.
USD/CAD rallies as hot inflation data underpins a stronger dollar.