Loonie advances after Europe's meetings

Source: Bloomberg
© Scanpix/Associated press
The Canada's currency reversed losses after the BoE and ECB stated that interest rates will remain low, boosting the allure of riskier investments. The Canadian Dollar fell 0.1% to C$1.0515 per U.S. Dollar as of 5:00 p.m. Toronto time after it dropped to C$1.0558 earlier. The Loonie has advanced 0.4% in the previous month versus nine developed country currencies.
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