March 17, 2010 / 1:50 PM / 10 years ago

CANADA FX-Canadian dollar rises above 99 U.S. cents

 TORONTO, March 17 (Reuters) - The Canadian dollar rallied
above 99 U.S. cents on Wednesday morning, its highest level in
20 months, putting it a step closer to being on an equal
footing with the U.S. dollar.
 Supported by firm commodity prices, lingering euphoria from
a renewed pledge by the U.S. Federal Reserve to keep interest
rates low for an extended period, and a bigger than expected
jump in wholesale trade data, the Canadian dollar rose to
C$1.0099 to the U.S. dollar, or 99.02 U.S. cents.
 That is up from Tuesday's close at C$1.0140 to the U.S.
dollar, or 98.62 U.S. cents. It has finished higher in 12 of
the last 13 sessions.
 (Reporting by Ka Yan Ng; editing by Peter Galloway)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below