Quotes from Western Union:- Oil north of $82 helped the loonie to its highest level in nearly three weeks against its subdued U.S. counterpart. The greenback has lost altitude on expectations the Fed’s policy statement, due today at 2 p.m. ET, would drive home its dovish stance, signaling a central bank inching slowly toward a rate hike. – The loonie barely budged on news that Canadian wholesale inflation slowed to an annual rate of 2.5 percent in September from 2.6 percent in August.
The material has been provided by InstaForex Company – www.instaforex.com