Batis Exchange
The Canadian dollar staged a modest recovery against the greenback, drawing support from a slight tightening in the U.S.-Canada yield differential and ahead of upcoming national employment figures.
The Canadian dollar weakened on Friday, reaching a nine-day low against the U.S. dollar despite stronger-than-expected economic growth data, as investors questioned whether the GDP figures would alter the Bank of Canada’s near-term interest-rate plans.
Bitcoin’s price was down roughly 1% in August through August 5, but the cryptocurrency has avoided a major sell-off following reports that approximately $130 million worth of Bitcoin has been stolen from customers using Coldcard wallets.
The Canadian dollar strengthened to its highest level in nine days on Wednesday, rising 0.6% to C$1.4024 per U.S. dollar (about 71.31 U.S. cents).
