The Canadian dollar lost ground against the U.S. dollar after the release of U.S. crude inventories. While oil was down more than 2 percent the Canadian currency was able to manage a slight depreciation and continues to trade below 1.30. The USD has not managed to gain total traction ahead of the start of the Jackson Hole central bank summit in Wyoming on Friday, August 26. U.S. Federal Reserve Chair Janet Yellen’s speech is heavily anticipated after the central bank members have sent mixed messages to the market. Commodity currencies, specially those linked to oil have been volatile as the Organization of the ... (full story)