The Canadian dollar strengthened versus the US dollar Thursday, recuperating losses in the last session. But its move was constricted by few domestic economic data and markets focusing on negotiations over Greek debt deal.
Greek officials and bailout lenders will resume talks Saturday, Greece’s last chance to score a deal with its creditors to avoid default and eurozone exit.
The loonie ended at 81.15 US cents from Wednesday’s 80.65 US cents.
Everyone’s awaiting the Greek news. It is going to be difficult for markets to “solidify a move in any direction,” said Benjamin Reitzes, Senior Economist and Foreign Exchange Strategist at BMO Capital Markets.
Meanwhile, markets will be closed Wednesday to commemorate the Canada Day holiday.
The material has been provided by InstaForex Company – www.instaforex.com