Mon, 22 Jul 2013 05:32:05 GMT
Canadian loonie weakens as CPI below target
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.