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USD Soars to 1.37 CAD on Hot US CPI, Middle East Tensions

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The Story

News Summary

  • USD strengthened to 1.37 CAD amid hotter-than-expected US CPI data (3.8% headline inflation) and elevated Treasury yields, while geopolitical tensions in the Middle East and rising oil prices provided mixed support for the commodity-linked Canadian dollar.
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1.39 +0.72% over the displayed period

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