Tuesday, May 8, 2007

Canada Dollar Falls From 11-Month High on U.S. Currency Strength, Housing

(Bloomberg) -- Canada's dollar slipped from an 11- month high as the U.S. dollar strengthened and a report showed new-home starts fell in April.

The Canadian dollar was among 13 of the 16 most actively traded currencies to decline against the U.S. dollar as traders pared risk before the Federal Reserve's Open Market Committee sets rates tomorrow.


Read more at Bloomberg Currencies News

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