Canadian dollar strengthens on central bank's moves

Note: This section contains information in English only.
Source: Bloomberg
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The Canadian domestic currency gained most since previous year's May as major central banks including Bank of Canada cut the cost of dollar swaps to relieve European debt turmoil. Loonie jumped against greenback to a 2-week high as Canadian statistics reported than country's GDP added at faster pace than expected. Canadian dolllar gained 1.4% against its US peer, reaching C$ 1.0174. The pair currently is trading at 1.0204.
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