Forex – Canadian dollar surges to new 30-year high against US dollar – Forbes. The Canadian dollar has been helped higher by broad weakness in the US dollar, amid expectations that the Federal Reserve will cut interest rates while the Bank of Canada at least leaves rates unchanged. Ashraf Laidi at CMC Markets said the fact that the Canadian dollar continues to gain against its US counterpart despite ‘creeping risk aversion’ underscores both the weakness in the US and the impact of ‘renewed hawkishness’ from Bank of Canada governor David Dodge. The Canadian dollar — a currency typically sensitive to movements in the oil price — has also been helped higher by crude oil prices. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
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