News Formal

C$ notches 2-week high as market volatility subsides

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 16 sec. here
  • 31 min. at publisher
  • 📊 Quality Score:
  • News: 111%
  • Publisher: 78%

Kitco News News

Gold,Silver,Platinum

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

TORONTO, Aug 7 - The Canadian dollar strengthened against its U.S. counterpart on Wednesday as investors assessed whether the recent sell-off in the currency had run its course and despite the Bank of Canada worrying about the outlook for the domestic economy.

Winding down of yen-funded carry trades and concern the Federal Reserve has waited too long to cut interest rates spooked investors in recent days. Speculators have raised their bearish bets on the Canadian dollar to an all-time high, recent data from the U.S. Commodity Futures Trading Commission showed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Market Volatility: CPI and PPI Reports Drive Price FluctuationsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »