(Bloomberg) -- The Canadian dollar fell to an
almost three-week low on speculation inflation may have eased,
reducing the likelihood the Bank of Canada will increase
borrowing costs twice this year.
``There's a bit of concern that the consumer prices may be
weaker than expected,'' said Matthew Strauss, senior currency
strategist at RBC Capital Markets Inc. in Toronto, a unit of
Canada's biggest bank by assets. ``The Canadian dollar may be
topped for the time being.''
Read more at Bloomberg Currencies News
almost three-week low on speculation inflation may have eased,
reducing the likelihood the Bank of Canada will increase
borrowing costs twice this year.
``There's a bit of concern that the consumer prices may be
weaker than expected,'' said Matthew Strauss, senior currency
strategist at RBC Capital Markets Inc. in Toronto, a unit of
Canada's biggest bank by assets. ``The Canadian dollar may be
topped for the time being.''
Read more at Bloomberg Currencies News
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