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Canadian Dollar (USDCAD) Edges Lower but Holds Weekly Gains on US Inflation Calm

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • The Canadian dollar dipped slightly against the US dollar but maintained weekly gains amid easing US inflation concerns and stable oil prices.
  • Upcoming Canadian inflation data may influence Bank of Canada policy outlook, with oil and bond yields showing minor positive movements.
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USDCAD price history

1.39 +0.72% over the displayed period

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