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Canadian Dollar Weakens on U.S. Inflation Data
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Overview
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The Canadian dollar weakens to a four-week low due to hotter-than-expected U.S. inflation data, as the U.S. dollar rallies and Canadian government bond yields rise.
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How could the hotter-than-expected U.S. inflation data influence the Federal Reserve's interest rate decisions and the broader financial markets?
How might the weakening Canadian dollar impact Canadian exports and international trade?
What are the potential implications of rising U.S. dollar and Canadian government bond yields on the global economy?
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