Wednesday, May 16, 2007

Canada's Dollar Falls From 11-Month High as Prices of Commodities Decline

(Bloomberg) -- Canada's dollar fell for the first time in four days as prices of the nation's commodity exports declined, reducing the currency's appeal.

The currency dropped from an 11-month high after trading above 91 cents yesterday for the first time since May 2006. The Canadian dollar fell to 90.86 U.S. cents at 7:42 a.m. in Toronto. One U.S. dollar buys C$1.1006.


Read more at Bloomberg Currencies News

No comments: