Monday, June 25, 2007

Canada's Dollar Approaches Three-Week Low as Price of Crude Oil Declines

(Bloomberg) -- The Canadian dollar approached a
three-week low after prices of crude oil declined.

``Oil is still on people's mind,'' said Stephen Malyon, a
currency strategist in Toronto at Scotia Capital Inc. ``The soft
commodity price is a good reason to explain the decline in the
Canadian dollar today.''


Read more at Bloomberg Currencies News

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