By Commodity News Service Canada
Winnipeg, April 9 – The Canadian dollar dipped slightly Wednesday
morning as traders looked for a stronger sense of direction in the
lead-up to the release of the Federal Reserve’s minutes from their
March meeting.
The US dollar should see buying interest if the minutes back up the
hawkish tone that markets reacted strongly to when the Reserve issued
last month’s statement, said an analyst, noting that would in turn
affect the loonie.
At 8:50 CDT Wednesday, the Canadian dollar was at US$0.9152 or
US$=C$1.1093 which compares with Tuesday’s North American close of US
$0.9156, or US$=C$1.1092.
The TSX was up 24.95 points Wednesday morning at 8:50 CDT, to sit at
14,397.40.
