The Canadian dollar today against the U.S. counterpart and a few other currencies than the growth in global supplies and using the products increases the attractiveness of the growth-related currencies.
The loonie, as Canada's currency is commonly nicknamed because of the image of the waterfowl on the C $ 1 coin, the coin, which is linked to growth, the tendency to rise and fall with the stock and commodity prices . Therefore, today's rebound in the global markets is positive for the currency. September futures for copper as much as 1.9 percent. The MSCI World Index up 1.7 percent.
USD / CAD traded at 1.0541 around 22:41 GMT today as when it opened at 1.0629. EUR / CAD dropped to 1.3302 from the opening level of 1.3326.
The Canadian currency weakened earlier in the concern about the possibility of so-called double-dip recession. Now watch this fear exaggerated.
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