Canada's Dollar Rises Before U.S. Report Forecast to Show Home Sales Fell

(Bloomberg) -- The Canadian dollar gained before a
U.S. report that is forecast to show new home sales declined
last month.

The government housing data may raise speculation the
Federal Reserve will cut interest rates this year, boosting the
allure of Canada's currency relative to the U.S. dollar. The
Canadian dollar has gained 9 percent this year and reached a 30-
year high this month.


Read more at Bloomberg Currencies News