Scotia Capital: Canadian Dollar has shown good results

A pair of U.S. / Canada slightly stronger against the backdrop of the rising trend of avoidance of risk and interconnected to reduce prices of commodities and securities. Following the 7-month peak at the end of last week, Canadian Dollar, mainly located in the corrective movement. Based on the technical picture, reducing the likelihood of currency rather low, unless the U.S. dollar would not be able to come back in the area of C $ 1.1600. Currency strategists from Scotia Capital pointed out that the Canadian currency has shown relatively good results under the existing pressure on the stock and commodity markets, given the fact that the Australian dollar and Norwegian krone has fallen by 1.4% and 2.2% respectively. Now the U.S. / Canada traded at C $ 1.1309, compared with C $ 1.1230 on Monday.