Canada's dollar dropped in Forex Trading Platforms

Online, May 31, 2010 (Newswire.com) - Canada's dollar dropped in Forex Trading Platforms to its lowest level in six months after commodities fell on weakness in Spain's banking system and tension between South Korea and North Korea. It reduced demand for currencies from "growing countries".
The Futures on crude oil, Canada's biggest export, fell 1.1 percent to $69.41 a barrel on the New York Mercantile Exchange. Additionally, The Standard & Poor's 500 Index advanced 0.04 % after dropping 3.1 percent.
The Loonie, as the Canadian currency is known for the image of the bird on the C$1 coin, has lost 5.8 % in May against the US greenback because investors required refuge from the European debt crisis.