Monday, December 28, 2015

Canadian dollar struggles as weaker oil weighs on commodity currencies


File photo of U.S. dollars counted out by a banker at a bank in WestminsterThe Canadian dollar struggled near an 11-year low against the greenback on Tuesday as crude oil prices resumed their slide, weighing on commodity currencies. The Canadian dollar stood little changed at C$1.3891 (CAD=D4) to the greenback after losing 0.7 percent overnight, edging back towards an 11-year low of C$1.4003 against the dollar hit earlier this month. The Australian dollar, another commodity currency, stood little changed at $0.7259 (AUD=D4) after touching a five-day low of $0.7246.


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