Canadian dollar weakens against the common desire to escape from risk, which is dominated by the global financial markets in light of allegations of fraud against a U.S. bank Goldman Sachs. As noted by analysts TD Securities, the mood on the stock markets remains negative, the U.S. futures are also in negative territory, forcing the Canadian currency to stay on the defensive. The Bank recall that last week the Canadian dollar has shown the worst performance among the major currencies. However, the bank's strategists believed that the current weakening of the currency of Canada is merely short-term consolidation in the overall bull trend. The bank believes that today the pair dollar / Canada is unlikely to go beyond the range, limited levels of 1.0130 and 1.0216. Currently pair dollar / Canada is at around 1.0175.
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