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.
The Canadian dollar fell to its lowest level in more than six weeks on Wednesday as renewed uncertainty surrounding North American trade talks weighed on investor sentiment.
