Thursday, April 26, 2007 3:47:51 PM - The loonie was mixed against its two major counterparts on Thursday in New York. The Canadian dollar slipped in trading with the dollar and saw choppy movement against the euro. The day's action came as the Bank of Canada released a monetary policy report saying 2007 growth will be the slowest in four years. On Wednesday, the BoC left rates unchanged.
The Canadian dollar slipped in trading with the greenback on Thursday. The move came a day after the currency hit its highest level against the dollar since September 2006. Thursday's action caused loonie to slip throughout the morning and touch a daily low of 1.1222 around 10:30 am Eastern Time. The Canadian dollar moved off that level as the day progressed, however, and by 3:30 pm Eastern Time, it traded at 1.1208 against the buck.
The loonie saw choppy trading versus the euro in New York on Thursday. The Canadian dollar touched a daily high of 1.5196 at 6 am Eastern Time, and a daily low of 1.5264 around 10:40 am Eastern Time. The pair remained range bound entering the afternoon, and by 3:30 pm Eastern Time, the loonie traded at 1.5245 against the euro.
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