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Forex

Loonie Continues Downward Trend Against Stronger US Dollar

Guavy AI Editorial Team
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The Canadian dollar continued its decline against the US dollar on Thursday morning, reaching a new low of US$0.7021 or C$1.4240 per US dollar.

This marks a decrease from Tuesday's close of US$0.7048 or C$1.4188.

The US Dollar Index also rose 0.389 points to 101.590, indicating a strengthening US currency.

Crude oil prices saw an increase on Thursday morning due to China's decision to suspend exports of oil products, potentially tightening global supplies.

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