Canadian Dollar increases to a seven-week high

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Source: Bloomberg
The Canadian Dollar, also known as the kiwi, appreciated 0.5% to 1.0089 per U.S. Dollar in the beginning of Toronto trading session on Thursday. Earlier the pair increased to a 1.0084 per U.S. Dollar level, which was the strongest since 18th of February. Analysts say that the kiwi strengthens due to the money coming out of Japan and European countries to commodity-exporting nations. 
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