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USD/CAD – Canadian dollar Jumps on Strong CPI

The Canadian dollar has improved in the Friday session. Currently, USD/CAD is trading at 1.3082, down 0.56% on the day. On the release front, Canada’s monthly CPI was unexpectedly strong, climbing 0.5%. This easily beat the estimate of 0.1%. Other inflation indicators looked strong, with readings around 2.0%. There was more good news as Foreign […]