Loonie weakens to three-year low as Fed scales back stimulus

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Source: Bloomberg
Canada's currency dropped to a three-year low after the Fed winded down its economic stimulus programme as the officials stated that nation's economy has improved enough to start tapering. The Canadian Dollar slid 0.2% to C$1.0722 per U.S. Dollar as of 8:18 a.m., after it retreated to C$1.0728 earlier, the lowest level in three years.
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Thu, 19 Dec 2013 16:27:03 GMT

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