Batis Exchange
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.
The Canadian dollar and U.S. dollar remained locked in a relatively narrow trading range following the latest policy announcements from the Federal Reserve and the Bank of Canada.
