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via finance.yahoo.comEconomy

Canadian dollar strengthens against US dollar after Bank of Canada raises policy rate

FROM THE WIRE · FINANCE.YAHOO.COM

The Canadian dollar strengthened against its US counterpart Wednesday afternoon after the Bank of Ca PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA central bank policy rate hike is pushing the currency higher, affecting USD/CAD.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Canadian dollar strengthened against the US dollar on Wednesday afternoon.
  2. 02The move follows the Bank of Canada raising its policy rate.
  3. 03The rest of the article is behind a paywall.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
US Dollar IndexFX:DXYFX pair101.9770-0.20%today +0.02%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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