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Canadian Dollar's Volatility
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Overview
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Canadian dollar weakens despite weekly increase due to Bank of Canada's shift in guidance, signaling greater volatility for the currency. Market's pricing of expected volatility remains low, with U.S. inflation data and Federal Reserve's interest rate decision expected.
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How does the Bank of Canada's guidance influence the global currency market and interest rate decisions?
How might the Bank of Canada's shift in guidance impact the Canadian economy and international trade?
What strategies can investors employ to navigate the increased volatility for the Canadian dollar?
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