CAD Canadian Dollar Lower After Fed Rate Hike
Yes. But had the US Dollar not lost purchasing power it would have dropped 1.70. This is in compliance with the Clearing House Operating Memo (CHOM) No. 15-460 (as amended by 15-460A) of the Philippine Clearing House Corporation. PCHC issued this memorandum to all clearing banks and institutions in order to further improve security measures in the handling and clearing of checks.
British government bond futures also see-sawed on the figures and last stood at 128.39, down 17 ticks on the day – similar to their level before the data. London’s FTSE share index was unchanged.
US dollar news for 15/05/2017
The president-elect’s sabre-rattling on geopolitical events could send oil prices sharply higher, and that could move the loonie much higher, Doyle says. On the flip side, it’s just as likely that Trump makes good on his vow to tear up NAFTA and possibly slap tariffs on Canadian goods. That would obviously send the loonie plummeting.Related link:
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