Loonie falls against US dollar amid calm trading
Canadian dollar fell against greenback today amid calm trading in global markets after last week's losses in stocks and forex markets.
Canadian dollar fell as market's bets increased for global central banks to lower interest rates due to slowing growth signs.
President Trump said the US economy is in a good shape, and added that trade talks with China are going very well.
However, Trump continued to criticize the Federal Reserve, blaming it for market losses and volatility, while defending his trade war decisions with China.
Trump called on the Fed to cut rates faster, while noting that it need to cut at least 1% before the end of this year.
Meanwhile, by 16:19 GMT, CAD/USD fell by 0.3% to 0.7512, with an intraday high of 0.755 and a low of 0.7508.
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