Canada’s dollar reached a six-week intraday high on October 30 as rising oil supported expectations of more Bank of Canada tightening, Reuters reports. It traded at 1.3955 per US dollar, up 0.2%, despite weak growth figures. Scotiabank’s Derek Holt said inflation risk mattered more to the forward-looking central bank. Investors priced roughly a 50% chance of a December hike. This is a dated Friday recap.
Related currencies / asset groups: CAD
Reuters reports a six-week intraday CAD high on October 30 as oil and tightening expectations outweighed weak GDP.
www.marketscreener.comInvestors priced roughly a 50% chance of a December rate increase.
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