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Canadian dollar hits six-week low as investors bet on additional Fed rate hikes
Source: The Globe and Mail
Currency & FXMonetary PolicyInterest Rates & Yields
The Canadian dollar fell to a six-week low against the U.S. dollar after the Federal Reserve delivered its first rate hike in three years. Expectations for further Fed tightening strengthened the U.S. dollar and increased pressure on the loonie, reflecting widening monetary-policy support for the greenback.
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