By MarketsFarm
WINNIPEG, Aug. 27 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, awaiting some fresh market moving news.
At 9:25 a.m. CDT Friday morning, the Canadian dollar was at US$0.7909 or US$1=C$1.2644 which compares with Thursday’s North American close of US$0.7905 or US$1=C$1.2651.
The United States Federal Reserve is holding an annual summit in Jackson Hole, Wyoming, and currency traders will be following the meeting closely for hints on future monetary policy. Fed chair Jerome Powell will give a speech later in the day.
West Texas Intermediate crude oil was stronger in early activity, up 1.9 per cent at US$68.73 per barrel.
The TSX was stronger, up 85.37 points at 9:26 CDT, trading at 20,589.52 points.
