The Canadian dollar gained 0.3 percent rising to 99.55 cents per US dollar at 8:24am in New York this morning. An increase in commodity prices helped reverse the Canadian dollar’s three-day losing streak.
Ã¢â‚¬Å“Investors are a little more comfortable with risk assets this morning, with commodity prices recovering and global equity markets generally firmer,Ã¢â‚¬Â Shaun Osborne, chief foreign exchange strategist at TD Securities in Toronto, said in a note to clients. Investors are waiting Ã¢â‚¬Å“to see if the Fed acknowledges the improving growth backdrop.Ã¢â‚¬Â
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