Rift GoldCanadian dollar has lost most in four months against its U.S. counterpart after the nuclear crisis caused by the installation of Japan's worst earthquake in a dampened appetite of investors for higher-yielding currencies.
The dollar, the currency is also known for the image of the aquatic bird on the $ 1 coin C, compared with its first weekly loss in over a month after the group of seven foreign exchange intervention to stabilize the yen. Retail sales increased data next week could see.
"The goal this week was the aversion to risk, away from higher yielding currencies like the Australian dollar and Canadian dollar," said Darren Richardson, senior broker firm in Toronto, Canada Forex Ltd, a company online foreign exchange. "There will be a wait and see situation to see what comes out of Japan and the tolerance of the market to take more risks."
The Canadian currency declined 1.1 percent, the biggest increase since the five days ending November 12 at 98.43 cents on the dollar yesterday in Toronto from 97.32 on March 11. It touched its lowest level in a month to 99.74 cents on March 17. One Canadian dollar buys $ 1.0160 U.S..
The dollar fell to 77.16 yen, March 17, its lowest level in nearly two years as the yen rose amid speculation Japanese investors has active home abroad to finance reconstruction after the earthquake seismic and tsunami killer six days earlier.Cheap WoW Gold
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