The Canadian dollar retreated from a four-month high against the U.S. dollar on Thursday after comments from U.S. President Donald Trump boosted the greenback against most major currencies. The Canadian dollar has risen some five per cent against the greenback over the past month, which is considered a big move on currency markets. He expects the Canadian dollar to continue trading within a range of 80 to 83 US cents in the coming month. Theoret backed that sentiment, saying the price of oil is no longer as relevant to the movement of the Canadian dollar. Analysts agreed that NAFTA talks are also a bigger risk when it comes to the strength of the Canadian dollar.

Source: CBC News January 25, 2018 17:26 UTC