Canadian Dollar Falls From 2-day High Against Greenback As Crude Oil Prices Drop
During early European deals on Wednesday, the Canadian dollar fell sharply against its major counterparts as the crude oil prices fell for a second day, heading for a record annual drop, on speculation that U.S. fuel stockpiles are increasing as the recession cuts demand. The loonie dropped from a 2-day high against the greenback during this time.
2009 Currency Market Outlook
What to expect from a fundamental and technical basis for the US dollar, Euro, British pound, Japanese Yen and other major currencies in the year ahead.