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Stock impact report

C$ hits 6-day low on Powell remarks but posts quarterly gain [Yahoo! Finance Canada]

Vaxart, Inc. (VXRT) 
Last vaxart, inc. earnings: 3/19 04:01 pm Check Earnings Report
By Fergal Smith TORONTO (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Monday as Federal Reserve Chair Jerome Powell kept in check expectations for another supersized interest rate cut, but the loonie held on to much of its quarterly advance. The loonie was trading 0.1% lower at 1.3530 to the U.S. dollar, or 73.91 U.S. cents, after touching its weakest level since Sept. 24 at 1.3537. For the month, the currency lost 0.3%, while it notched a third-quarter gain of 1.1%. The Canadian dollar's move on Monday was "more related to (U.S.) dollar strength" as investors reassessed prospects of another larger-than-usual interest rate cut by year end, said Amo Sahota, director at Klarity FX in San Francisco. The U.S. dollar rose against a basket of major currencies and U.S. bond yields climbed as Powell said that Fed policy was not on a preset course and that the risks are "two-sided". Investors see a 65% chance the Fed will cut by a quarter of a percent Show less Read more
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