Canadian Forex/Bond Comment: C$ Ends Flat
The Canadian dollar finished Tuesday’s session on a little changed footing versus the US currency. Activity in the currency was consolidative in nature. Early support for the Canadian unit was linked to supportive economic data but ongoing worries about the health of the US economy worked against the currency making any significant strengthening move, market watchers said.
The Canadian currency closed out the North American session at 98.23 US cents or C$1.0180 on Tuesday. This compares with Monday’s closing North American mark of 98.22 US cents or C$1.0181. Read more
No commentsBoT using forex sales to reduce reliance on Treasury bills
The Bank of Tanzania (BoT) is working to reduce interest on Treasury-bills to force down the high lending rates being charged by commercial banks.
The central bank has in the past relied heavily on the sale of Treasury-bills to mop up excess liquidity in the financial system.
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