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Canadian dollar hits 12-day low as inflation data meets expectations
Source: The Globe and Mail
Currency & FXInflationInterest Rates & YieldsMonetary Policy
The Canadian dollar fell to a 12-day low against the U.S. dollar on Monday as domestic inflation data met expectations and broad U.S. dollar strength persisted ahead of the Federal Reserve's rate decision. Canadian bond yields rose, reflecting rate-market positioning amid the upcoming Fed policy announcement.
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