The Loonie advanced further against the Greenback on Thursday, reaching its strongest since November 2007 as the Dollar weakened on risk appetite during the American session on prospects a Greek bailout deal could be reached.
USD/CAD fell to its lowest in over 3 ½ years at 0.9422 , also supported by stronger oil prices, and has been trading in a tight range just above that level ever since. At time of writing, USD/CAD is quoting at the 0.9445 zone, 0.29% below its opening price.
The Canadian Dollar is gaining for third straight day versus the US currency as the CAD strengthened this week after the Bank of Canada signaled it was closer to raising interest rates.
USD/CAD fell to its lowest in over 3 ½ years at 0.9422 , also supported by stronger oil prices, and has been trading in a tight range just above that level ever since. At time of writing, USD/CAD is quoting at the 0.9445 zone, 0.29% below its opening price.
The Canadian Dollar is gaining for third straight day versus the US currency as the CAD strengthened this week after the Bank of Canada signaled it was closer to raising interest rates.
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