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Canadian Dollar edged higher in early US session after much stronger-than-expected inflation data. However, Loonie quickly lost momentum, as investors remained cautious about Canada’s broader economic outlook, particularly in the face of rising trade tensions with the US. While higher-than-expected inflation reduces the likelihood of another immediate rate cut, Canada’s economy is under serious pressure […]

The post Canadian Dollar Gains on Inflation Surprise, But Growth Risks Keep Traders Cautious appeared first on Action Forex.

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