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Canadian Dollar Falls Below 71 Cents U.S. as Headwinds Loom for Loonie
The loonie fell 0.3% to 1.4075 per U.S. dollar as traders priced in more Federal Reserve hikes and a 148-basis-point yield gap.
Summary by Financial Post
6 Articles
6 Articles
Canadian dollar hits nearly seven-week low on wider yield spreads
Canadian Dollar Stuck Near Lows as U.S. Dollar Rally Squeezes Forex Traders
The Canadian dollar can’t catch a break. It’s sitting at 1.3450 per U.S. dollar on Monday, basically where it’s been… Read the original on Canadian Dollar Pressured as U.S. Dollar Rally Continues to Squeeze Forex Traders. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Canadian dollar falls on widening rate differentials as headwinds loom for loonie
The Canadian dollar is down 1.7 per cent this month and fell below 71 cents U.S. in early trading on Wednesday for the first time since July as rising bets for more stateside interest rate hikes put pressure on the loonie. “The loonie’s weakness … is largely a function of the (United States)…
Coverage Details
Total News Sources6
Leaning Left0Leaning Right1Center2Last Updated67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
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