Canadian Dollar Hits 12-Day Low on Inflation Data
The Canadian dollar weakened to a 12-day low against the US currency as domestic inflation data met expectations. Bond yields rose across the curve amid broader greenback gains ahead of the Federal Reserve rate decision.
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The Canada currency fell to a 12-day low against the United States dollar on Monday afternoon as domestic inflation met forecasts and the greenback gained strength ahead of a Federal Reserve policy decision. The USD/CAD exchange rate dropped 0.3% to 1.3915.
