Canadian loonie weakens as CPI below target

Source: Bloomberg
© Scanpix/FP
Canadian Dollar depreciated after a release of inflation report that showed a 1.2% increase in CPI which is below the central bank's 2% target. The Canada's currency lost 0.6% against the New Zealand Dollar and 0.5% against the South African Rand, while it still managed to climb 0.1% versus the greenback, reaching C$1.0370 per U.S. Dollar.

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