The U.S. dollar made gains this morning as markets anticipate that central banks around the world will ease monetary policy. The anticipation comes in the wake of the Federal Reserve’s decision last week to maintain its current rate level.
The battered Canadian dollar will stay weak in the coming months as the Bank of Canada and U.S. Federal Reserve look set to take completely different policy paths, a Reuters poll of currency strategists forecasts.
The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices taking a toll as business investment fell and inventory accumulation slowed.
Fifteen of the world's largest banks are under investigation for rigging the Brazilian currency, antitrust watchdog Cade said on Thursday, the first such probe in one of the busiest foreign exchange markets globally.