The Canadian dollar has fallen against the US dollar. The US dollar dropped below 1.15 against the Canadian dollar in the first time since December this week.
Yesterday, the forex market opened with US dollar trading at 1.1507 against the Canadian dollar. This is higher than the previous low of 1.1461.
The Canadian dollar has been strong lately as analysts expect the Central bank will increase the interest rates. However, this is not continued to last, and the US dollar is expected to go up towards 1.1650 cdn.
