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FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto By Fergal Smith TORONTO (Reuters) – The Canadian dollar on Thursday strengthened against its U.S. counterpart and all the other G10 currencies as investor sentiment improved and the price of oil, one of Canada’s major exports, climbed to its highest level this year. The loonie was trading 0.2% higher at 1.3514 per U.S. dollar, or 74.00 U.S. cents, after touching its strongest intraday level since Sept. 1 at 1.3494. The Australian dollar was the only other G10 currency to move higher against the greenback, advancing slightly less than 0.2%. "The move in crude, along with broadly improving risk sentiment and relatively stable central bank expectations, has allowed the loonie to bounce back from oversold conditions," said Jay Zhao-Murray, a market analyst at Monex Canada Inc. Wall Street’s main indexes rose as hotter-than-expected economic data failed to erode optimism over a likely pause this month in Federal Reserve interest rate hikes. U.S. crude oil futures settled 1.9% higher at $90.16 a barrel on expectations of tighter supply, while the U.S. dollar notched its highest level in six months against a […]
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