The Loonie (Canada’s dollar) finished lower versus the U.S. currency on Friday, as a consequence of the decrease in commodity prices.

The currency was confined to a C$1.0650-C$1.0750 range in Forex Trading Online, being volatile within this band and reacting to movements in stock markets and the price of oil and gold.

The dollar rebounded from a one-year low against the euro on Friday as a decline in risk appetite decreased demand for higher-yielding currencies and improved safe-haven demand for the U.S. Dollar. The dollar has sold off sharply this month as investors shifted into riskier assets on increasing signs the global economy is recovering. The prospect of low U.S. yields and concerns about the U.S. fiscal deficit fueled dollar selling.

Sterling declined across the world, hitting renewing concerns about the UK banking sector and future decisions of the policy makers in this country.