Canadian Dollar ETF Weakens on Slowing Exports and Fed
May 29, 2013 at 16:45 PM EDT
The Canadian dollar exchange traded fund is depreciating as the country’s oil exports slow and the U.S. dollar strengthens on speculation of the Federal Reserve scaling back stimulus measures. The CurrencyShares Canadian Dollar Trust (NYSEArca: FXC) is down another 0.6% Tuesday and has...