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Canada dollar falls on bets economy trailing as Fed Taper Looms

Posted: 8/20/2013 | Views: 396

Canada’s dollar fell versus its U.S. counterpart as an unexpected drop in manufacturing sales added to signs the nation’s economy is lagging behind that of its biggest trading partner. The currency dropped this week versus most major peers while the U.S. dollar climbed as American economic data bolstered bets the Federal Reserve will start slowing stimulus as soon as next month.

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Source: Bloomberg

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