Dollar Exchange Rate to cad September 2, 2010
USD/CAD retreats towards 1.05 again, and looks 1.07toppish at 1.07. The rebound of stocks and oil price keeps 1.06USD/CAD in range trading in last 2 weeks. On the other 1.05 hand, Bank of Canada will announce rate decision on 8 Sept, and market expects the policy rate will be hiked from 0.75% 1.04to 1.00%, and this may provide downside pressure on 1.03USD/CAD
Thursday, September 2, 2010
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