Batis Exchange
The Canadian dollar weakened further this week as falling oil prices and changing interest rate expectations created a challenging environment for the currency.
The Canadian dollar faced renewed pressure this week, extending losses as commodity prices weakened and investors reassessed interest rate expectations from the Bank of Canada.
On Friday, the CAD traded slightly weaker at around 1.3975 per U.S. dollar after moving within a narrow intraday range. Earlier in the week, it reached its lowest level since November, briefly touching 1.4023.
Financial markets witnessed two major events on June 12: a strong return of inflows into Bitcoin ETFs and the public market debut of SpaceX.
