Canadian Dollar Soft After Crude Oil Drops 2%

The Canadian dollar was performing extremely poor today. While the loonie has managed to erase intraday losses versus the US dollar by now, the Canadian currency remained below the opening level against other most-traded rivals. The most likely reason for the drop was the decline of crude oil prices. Positive Canadian employment data did little to help the currency.

Futures for crude oil...

Canadian Dollar Soft After Crude Oil Drops 2%

* This article was originally published here