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  • Reuters

    Canadian dollar retreats from 2-week high as inflation eases

    The Canadian dollar weakened against its U.S. counterpart on Tuesday, pulling back from an earlier two-week high, as domestic inflation data supported the Bank of Canada's recent decision to pause its interest rate hiking campaign. Canada's annual inflation rate slowed more than expected to 5.2% in February, its lowest level in 13 months, benefiting from a comparison to last year's strong price increase. "These are encouraging trends that basically confirms the pause that the Bank of Canada initiated at its last meeting," said Michael Goshko, senior market analyst at Convera Canada ULC.

  • Reuters

    Lebanon to sell unlimited US dollars to prop up collapsing pound

    Lebanon's central bank will begin selling unlimited amounts of U.S. dollars in a bid to halt the spiralling devaluation of the Lebanese pound, Governor Riad Salameh said on Tuesday. Salameh set a new rate for Sayrafa, the central bank's exchange platform, at 90,000 Lebanese pounds per dollar on Tuesday.

  • FX Empire

    USD/JPY Forecast – US Dollar Rallies Against Japanese Yen

    The US dollar has rallied against the Japanese yen during trading on Tuesday, as we are approaching the Federal Reserve meeting for Wednesday.

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