Sun, May 20, 2007 - Page 10 News List

Dollar trades in narrow band as market eyes PRC

AFP AND CNA , NEW YORK AND TAIPEI

The Canadian loonie meanwhile soared to US$0.9194, its best level since October 1997, before setting at US$0.9179.

Its jump in value is due to "growing anticipation of a key interest rate hike by the central bank," TD Securities analyst Marc Levesque said.

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