(Bloomberg) -- The Canadian dollar rebounded from a
three-week low on expectation the Federal Reserve will remain on
hold while the Bank of Canada may raise the borrowing costs
twice this year.
The Canadian dollar advanced a day after a slower-than-
forecast retails sales growth prompted the currency's biggest
loss in eight months. The yield gap between 2-year Canadian
government bonds and similar-maturity U.S. Treasury notes at
stood at 28 basis points, or 0.28 percentage point, near the
lowest since January 2005. Shorter maturities are most sensitive
interest rate change.
Read more at Bloomberg Currencies News
three-week low on expectation the Federal Reserve will remain on
hold while the Bank of Canada may raise the borrowing costs
twice this year.
The Canadian dollar advanced a day after a slower-than-
forecast retails sales growth prompted the currency's biggest
loss in eight months. The yield gap between 2-year Canadian
government bonds and similar-maturity U.S. Treasury notes at
stood at 28 basis points, or 0.28 percentage point, near the
lowest since January 2005. Shorter maturities are most sensitive
interest rate change.
Read more at Bloomberg Currencies News
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