The Loonie gains on appetite for higher-risk currencies

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Source: Bloomberg
The Canadian Dollar gains against the U.S. Dollar for a second consecutive month amid speculations that the Fed and the ECB may loosen their monetary policy, which in turn stimulates appetite for high-yielding currencies. The Loonie rose 1.4% in July following a 1.6% gain in June on the ECB's determination to undertake measures in order to lower Spanish and Italian bond yields and the Fed's 2-day meeting. 
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