Reuters: US Dollar Report: CANADA FX-C$ recoups some losses after BoC hold rates

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CANADA FX-C$ recoups some losses after BoC hold rates Sep 5th 2012, 13:06 Tweet Share this Email Print Related Topics Currencies » Bonds News » Bonds » Markets » Wed Sep 5, 2012 9:06am EDT TORONTO, Sept 5 (Reuters) - Canada's dollar trimmed losses against the U.S. dollar on Wednesday after the Bank of Canada kept interest rates steady, as expected, and kept on message that interest rates may have to rise because it expects the sluggish economy to gain momentum this year. The currency strengthened to C$0.9874 versus the U.S. dollar, or $1.0128, shortly after the announcement. It was trading at C$0.9884, or $1.0117 just before the bank statement. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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