This translation has been automatically generated and has not been verified for accuracy.The Canadian dollar was little changed against its U.S. counterpart on Thursday as Chinese monetary policy easing buoyed global equity markets, with the loonie holding on to its gains from 2019, when it was the top performing G10 currency.
World stock markets began the new year with news that China’s central bank was freeing another 800 billion yuan for its economy, ensuring there was no immediate hangover after the wild gains of 2019. U.S. crude prices were up 0.4 per cent at $61.29 a barrel as signs of improving trade relations between the United States and China which eased demand concerns and rising tensions in the Middle East provided support.
globebusiness Dollars gain What are they talking about ? Dollar actually Lower now