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via finance.yahoo.comMarkets

Canadian dollar near one-month low as US producer inflation supports Fed bets

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- The Canadian dollar held near a one-month low against its U.S. counterpart on Friday as stronger underlying U.S. producer inflation reinforced expectations of further Federal Reserve tightening, offsetting support from firmer oil prices. Our AI stock portfolio…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishUSD/CAD reflects Fed rate expectations and oil prices, relevant for FX markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Canadian dollar traded around C$1.4260 per US dollar.
  2. 02US producer prices rose 0.3% in October, below expectations.
  3. 03The annual rate accelerated to 6.5% from 6.3%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Crude Oil WTICOMMODITY:WTICommodity88.88 USD-0.01%today +0.20%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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