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USDCAD Tumbles as BoC Caution and Softer Fed Outlook Boost Canadian Dollar

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The Story

News Summary

  • The Canadian dollar strengthened past 1.38 per USD after August headline CPI was subdued but core inflation stayed near 3%, raising odds BoC keeps policy restrictive; a softer US dollar due to Fed easing expectations also supported CAD gains.
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Stored market data

USDCAD price history

1.39 +0.72% over the displayed period

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