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Canadian Dollar Holds Near 18-Month Low

The Canadian dollar steadied near an 18-month low against the surging US dollar following eight straight daily declines. Strong US economic data and rising yields bolstered the greenback while Canadian manufacturing growth slowed.

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A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch

The Canada dollar steadied near an 18-month low on Thursday, trading at 1.4235 per United States dollar after touching 1.4263. The currency notched its eighth straight daily decline amid broad-based greenback strength. Analysts point to economic resilience in the United States as key to the dollar's momentum.
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