By Commodity News Service Canada
WINNIPEG, Jan. 29 (CNS Canada) – The Canadian dollar was holding near unchanged Tuesday morning, as currency traders awaited some fresh news to provide direction.
At 8:46 CST Tuesday morning the Canadian dollar was at US$0.7546 or C$1.3252 which compares with Monday’s North American close of US$0.7541 or C$1.3260.
The United States Federal Reserve is set to make its next interest rate decision on Wednesday, and traders will be following the statement closely for signs of future moves.
Trade talks between the U.S. and China this week are also keeping some caution in the markets, as the two countries remain at odds over a number of issues.
Crude oil was firmer in early activity, following news that the U.S. was placing sanctions on Venezuela’s state-owned oil company, PDVSA.
The TSX was stronger in early activity, up 45.38 points at 8:46 CST to sit at 15,424.00.
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