(Bloomberg) -- The Canadian dollar approached a 30-
year high against the U.S. currency as economists predicted
economic data this week will strengthen the case for an
interest-rate increase as soon as next month.
Canada's currency has advanced 9 percent against the U.S.
dollar this quarter as an accelerating economy pushed the
nation's two-year bond yield to a five-year high. Economists are
expecting gains in May employment and international trade when
Statistics Canada releases those numbers on June 8.
Read more at Bloomberg Currencies News
year high against the U.S. currency as economists predicted
economic data this week will strengthen the case for an
interest-rate increase as soon as next month.
Canada's currency has advanced 9 percent against the U.S.
dollar this quarter as an accelerating economy pushed the
nation's two-year bond yield to a five-year high. Economists are
expecting gains in May employment and international trade when
Statistics Canada releases those numbers on June 8.
Read more at Bloomberg Currencies News
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