The Canadian dollar has been slowly recovering from its worst start to a year since the early 1970s, according to Bloomberg.
The spoken words of the leaders of the central banks of Canada and the U.S. on Wednesday are likely to impact the value of the Canadian dollar, according to published reports.
The monetary unit of Canada on Tuesday lost value against the world’s reserve currency on Tuesday as policy makers with the U.S. Federal Reserve convened for two days of meetings that are poised to include discussion about the future of the monetary stimulus programs to spur the world’s largest economy, Bloomberg reports.
The Canadian dollar was ebbing and flowing on Friday against the world’s reserve currency after the release of tepid economic data and gains for the country’s top commodity, according to published reports.
The Canadian dollar on Thursday climbed in value against the greenback after Australia released uplifting economic data, Bloomberg reports.
Stronger economic data regarding new home construction in Canada prompted the Canadian dollar on Monday to advance against the world’s reserve currency, according to Bloomberg.
Economic data noting Canada’s trade deficit increased in April tugged down the country’s currency on Tuesday, Bloomberg reports.
The monetary unit of Australia advanced on Monday on foreign exchange markets amid economic data noting China’s economic hiccups appear to be slowing, according to Bloomberg.
The monetary unit of Canada climbed against the U.S. dollar on Thursday, advancing from near its lowest level in one year amid conjecture that the central bank of the U.S. will continue monetary stimulus policies longer than expected, according to Bloomberg.
Weaker-than-anticipated retail sales prompted the Canadian dollar to continue losing value during the Wednesday trade session, Bloomberg reports.