The Canadian dollar was among many losers that have suffered from the negative sentiment on the Forex market after the US Federal Reserve speculated about possible reduction of asset purchases. The currency fell to almost two-year low against the US dollar.
The market is still feeling impact of the Fed’s comments even as some politicians and economist argued that the reaction was excessive. Prices for raw materials dropped adding to suffering of commodity related currencies. All in all, traders remain fearful and unwilling to take risks...continue
The market is still feeling impact of the Fed’s comments even as some politicians and economist argued that the reaction was excessive. Prices for raw materials dropped adding to suffering of commodity related currencies. All in all, traders remain fearful and unwilling to take risks...continue