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Dollar index jumps after U S retail sales show surprise rebound
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Dollar index climbs after U S retail sales show surprise rebound
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Canadian dollar seen stronger but break of 1.20 to remain elusive: Reuters poll Reuters 10 hrs ago By Fergal Smith © Reuters/Mark Blinch FILE PHOTO: FILE PHOTO: A Canadian dollar coin, commonly known as the Loonie , is pictured in this illustration picture taken in Toronto
By Fergal Smith
TORONTO (Reuters) - Canada s dollar will strengthen over the coming year, bolstered by higher oil prices and reduced stimulus from the Bank of Canada, but gains could stop short of the currency s recent six-year high, a Reuters poll showed.
The loonie has pulled back 3.2% since last month touching its strongest level since May 2015 near 1.20 per U.S. dollar, or 83.33 U.S. cents, pressured by the Federal Reserve s surprise shift to more hawkish guidance and worries the spreading Delta variant of the COVID-19 virus could slow a global economic recovery.
Fergal Smith
3 minute read
A Canadian dollar coin, commonly known as the Loonie , is pictured in this illustration picture taken in Toronto, January 23, 2015. REUTERS/Mark Blinch/File Photo
Summary
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/fx-polls?RIC=CAD= poll data
TORONTO, July 1 (Reuters) - Canada s dollar will strengthen over the coming year, bolstered by higher oil prices and reduced stimulus from the Bank of Canada, but gains could stop short of the currency s recent six-year high, a Reuters poll showed.
The loonie has pulled back 3.2% since last month touching its strongest level since May 2015 near 1.20 per U.S. dollar, or 83.33 U.S. cents, pressured by the Federal Reserve s surprise shift to more hawkish guidance and worries the spreading Delta variant of the COVID-19 virus could slow a global economic recovery.
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