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Yen, Swiss Franc Decline Canadian Dollar Up

Mar 30, 2011

The yen and the Swiss franc weakened and Australia’s dollar rose as stocks gained amid speculation the global economic recovery is strengthening, sapping demand for the safest assets. The Canadian dollar traded higher further in New York late afternoon deals on Tuesday. The loonie is currently trading near a 5-day high of 0.9743 versus the greenback from early morning session’s low of 0.9785. The pair closed yesterday’s New York session at 0.9781.

Source: Bloomberg

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