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U.S. dollar up vs. Canadian on Fed taper prospects

Posted on 22 January 2014

The U.S. dollar rose against the Canadian dollar on Tuesday as a lack of major economic data turned the focus to a potential further reduction in monetary stimulus at the next Federal Reserve meeting.
Investors also looked ahead to a monetary-policy decision from the Bank of Canada due Wednesday. The Fed is likely to reduce its monthly bond purchases, part of its efforts to stimulate the economy, to $65 billion at the end of its two-day meeting on Jan. 29……………………………..Full Article: Source


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