Loonie touches 2-week high on Fed stimulus optimism

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Source: Bloomberg
© Scanpix/Reuters

The so-called loonie appreciated 0.4% to C$1.0289 per US Dollar at 5 pm in Toronto, reaching C$1.0281, the highest since September 30, amid optimism Federal Reserve will maintain monetary stimulus and delay any reductions, while borrowing limit and extended government funding deadlines are postponed until next year. The Australian currency is traded at 97.19 US cents.

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