Friday, May 25, 2007

Canadian dollar rallies to new 29-1/2 year high

(Reuters) - The rise marked the highest level for the Canadian dollar
since it traded at C$1.0746 to the U.S. dollar, or 93.06 U.S.
cents, in October 1977.




After bouncing back and forth for most of the early part of
the session, the currency eventually gathered enough momentum
and forced traders who were banking it to fall below the
C$1.0880 level to unwind bets on the U.S. dollar.


Read more at Reuters.com Bonds News

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