The Canadian dollar erased all of its advances Thursday and the release of inflation data due Friday.
Also, traders assessed the Federal Reserve’s more dovish than projected stance, and also the stronger oil price and weaker US dollar.
The loonie stood at 81.79 US cents from Wednesday’s 81.73 US cents.
It is an attempt to look for a new countenance as the markets evaluate what the US central bank mentioned “and what the Fed did not say,” said Brad Schruder, Director of Foreign Exchange at BMO Capital Markets.
The material has been provided by InstaForex Company – www.instaforex.com