The Canadian dollar fell after weak data on the housing market in the United States

The Canadian currency rose sharply from Friday last week, reacting thus to the overall growth of interest in risky assets over the past few sessions. On Monday the markets were closed on Canada Day, Victoria. At the morning session of the U.S. dollar fell to a minimum at C $ 1.1554 - its lowest level since May 8. After the release of weak data on the number of new construction in the United States in April, the U.S. currency strengthened and is now trading in the C $ 1.1588. According to analysts TD Securities, increased interest in risk increases depending on the economic situation of currencies. New Zealand and Australian dollar have also shown significant growth.