Loonie Gains With Aussie as China Moves to Support Stock Market

  • Risk sentiment is main driver for currencies: JPMorgan
  • Global FX Volatility Index holds at highest since December

The Canadian and Australian dollars rose after the People’s Bank of China injected 130 billion yuan ($20 billion) into the nation’s money markets and as state-controlled funds were said to have stepped in to support stocks after a $590 billion selloff.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.