USD/CAD Near 1.0250 Before G-20 Meeting

The Canadian dollar traded at almost a one-month low before a Group of 20 meeting that may offer clues about measures by central banks to jump-start economic growth.

The loonie, as the currency is nicknamed, was little changed against its U.S. counterpart after paring gains earlier today. The G-20 finance ministers and central bankers meet for two days in Washington beginning today, before weekend talks at the International Monetary Fund and World Bank. A draft statement prepared for the group’s meeting maintains a February pledge to “move more rapidly toward more market-determined exchange rate systems and exchange-rate flexibility,” Bloomberg BNA reported.


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