Economics
Dollar Hits Fresh High as Canada Dollar Drop Invigorates Rebound
- Central banks take center stage; Poloz leads, Yellen follows
- ECB meets Thursday; Draghi presser to be eyed for taper talk
QuickTake: Strong Dollar's Mixed Blessing
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The greenback clawed back more than half of its losses from Tuesday, trading close to its high toward the end of the session as a drop in the Canadian dollar and an upbeat Beige Book injected a fresh burst of energy.
The Canadian dollar fell to its lowest in a week against its U.S. counterpart as Bank of Canada Governor Stephen Poloz reiterated that rates could be cut if needed. Poloz was the first of three central bank heads in the spotlight this week.