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Canadian dollar weakens to nine-day low on Fed rate hike bets
Source: The Globe and Mail
Currency & FXInflationMonetary PolicyInterest Rates & Yields
The Canadian dollar fell to a nine-day low against the U.S. dollar after U.S. inflation data reinforced expectations that the Federal Reserve will raise interest rates next week. The data-supported hawkish Fed outlook strengthened the U.S. dollar and created near-term pressure on CAD.
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