By Commodity News Service Canada
Winnipeg, May 28 – The Canadian dollar was little changed Wednesday morning, with subdued volatility across currency markets due to a lack of domestic data.
Bearish technical indicators warn of downside risk for the US dollar against the Canadian unit, but the signals aren’t overly strong, according to an analyst.
On the commodity markets, June bullion was unchanged at US$1,265.50 an ounce. July copper was unchanged at US$3.18 a pound.
The July crude oil contract fell 7 cents to US$104.04, which was bearish.
At 8:45 CDT Wednesday, the Canadian dollar was at US$0.9211 or US$=C$1.0856 which compares with Tuesday’s North American close of US $0.9207, or US$=C$1.0861.
The TSX was down 57.67 points Wednesday morning at 8:45 CDT, to sit at 14,658.02.
