Canadian dollar recovers

Elsewhere on Tuesday, after a difficult start to the week the Canadian dollar bounced back from almost a three year low. Tuesday’s strength came about amid market sentiment that the currency had been ‘over sold’ in recent weeks and was relatively too weak. The South African rand struggled on Tuesday, extending the worst annual drop for the currency in five years. A quiet day on the data-front, with many countries enjoying an extra Bank Holiday today. Get in touch for a live rate