Canadian Dollar Gains On Thursday As U.S. Dollar Retreats

The Canadian dollar (CAD) found some buying on Thursday as rising investor risk appetite supported the market away from safe-haven currencies such as the U.S. dollar (USD). The U.S. dollar generally weakened that day, and Canadian dollar traders found new buying motivation.

The Bank of Canada (BoC) released its latest Financial System Review during U.S. market trading hours on Thursday. Bank of Canada Governor Tiff Macklem assured market participants that Canada’s financial system generally remains “resilient,” but noted signs of stress are growing. Carolyn Rogers, deputy governor of the Bank of Canada, also noted that while the number of small businesses reporting bankruptcies has increased, the Bank of Canada does not believe this will have a broader impact on the Canadian economy.

CAD latest articles

Popular exchange rates

foreign exchange

fxcurrencyconverter is a forex portal. The main columns are exchange rate, knowledge, news, currency and so on.

© 2023 Copyright fxcurrencyconverter.com