(Bloomberg) -- Canada's dollar traded lower after the Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent, saying inflation remains the ``predominant'' risk for the economy.
The Canadian dollar has appreciated 5.5 percent against the U.S. dollar this year as the economy strengthened, and the yield difference between Canadian and the U.S. bonds narrowed, favoring local debt.
Read more at Bloomberg Currencies News
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