Saturday, June 2, 2007

Loonie Surges on BoC

The major currency pairs were mixed in Tuesday trading with the return of several major markets from holiday. The biggest advancer in the session was the Canadian dollar, pushing to a fresh 30-year high against the greenback on the heels of a hawkish policy statement from the BoC.

Meanwhile, the Conference Board’s consumer confidence reading for May improved to 108, edging out forecasts for a slight improvement to 105 from 104.

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