The Canadian dollar fell to US$1.0332 early this morning in Toronto as commodity prices continue to decline. Precious metals in particular have fallen during the week on rumors that investor George Soros’ funds have reduced their precious metals holdings. In addition, margin requirements to trade silver have increased and some investors have been forced to sell assets to meet margin calls triggered by the margin changes.
Source: The Canadian Press
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.