Thursday, June 28, 2007

Canada's Dollar Advances Most in 3 Months on Oil Prices, Fed Rate Decision

(Bloomberg) -- The Canadian dollar advanced the
most since March on speculation an advance in crude oil will
lift the country's economic growth.

Commodities including oil make up about half of Canada's
exports. The Canadian currency remained higher after the U.S.
Federal Reserve kept its target rate at 5.25 percent and
stressed that inflation is its ``predominant'' concern.


Read more at Bloomberg Currencies News

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