Canadian Dollar Rises on Optimism of U.S Political Resolution
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Canada’s dollar snapped four days of losses against its U.S. peer as lawmakers in the world’s largest economy moved toward a debt-limit agreement even as they remained at odds about the partial government shutdown.
The currency rose along with New Zealand’s dollar and South Africa’s rand, so-called commodity currencies. Standard & Poor’s 500 Index stock futures rose 1.8 percent, suggesting an increase in appetite for risk. Statistics Canada may report that the nation’s unemployment was unchanged at 7.1 percent last month, according to a Bloomberg survey.