The Canadian dollar ended lower on Monday as its prior advances dwindled on optimism Greece and its lenders were almost close to reaching a breakthrough debt agreement.
Greece presented its 1st substantial concessions during an emergency summit in Brussels, which was commended by European leaders.
The loonie ended at 81.63 US cents from Friday’s 81.53 US cents.
The move deemed somewhat outsized, granted how certain other “independent factors have moved,” said Bipan Rai, Director of Foreign Exchange Strategy at CIBC World Markets.
Markets will largely focus on Greece, with no domestic data to propel the currency.
The material has been provided by InstaForex Company – www.instaforex.com