Canadian dollar nears three-month high as oil rises
The loonie touched its strongest level since May 21 as oil prices rose and trade talks advanced. Canadian bond yields also climbed amid trade optimism.
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Canada’s dollar rose 0.1% to 1.3790 per U.S. dollar on August 20, reaching a near three-month high. Higher oil prices and broad-based U.S. dollar weakness supported the currency. The move puts trade negotiations and domestic data in focus for investors.
