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Canada dollar falls as Syria bets bolster U.S. currency’s appeal

Posted on 29 August 2013

The Canadian currency weakened as speculation America and its allies will take military action against Syria boosted the U.S. dollar’s appeal as a haven.
Canada’s dollar rallied earlier versus most major peers as crude oil, the country’s largest export, touched its highest level in more than two years amid bets military operations may disrupt Middle East oil supplies. The loonie, as the currency is called, declined against the greenback before data this week forecast to show the U.S. economy expanded in the second quarter while Canada’s contracted in June………………………………………..Full Article: Source


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