Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canadian Currency Rises as Central Banks Lower Dollar Swaps Rate

Nov. 30 (Bloomberg) -- The Canadian dollar extended its advance as central banks including the Bank of Canada and the Federal Reserve agreed to reduce the interest rate on dollar liquidity swap lines.

“The global central banks think that there is something to be done to improve liquidity, and this is what they’re doing to improve dollar funding costs, and that’s negative for the dollar because it’s easier to sell the dollar against everything,” said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. in New York, referring to the U.S. currency.

To contact the reporter on this story: Allison Bennett in New York at abennett23@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.