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USD/CAD Ends Sharply Higher

Forex News USD/CAD is ending sharply higher, around C$1.0094, after a resurgent U.S. dollar, lower oil prices and softer-than-expected retail sales data for May all CAD. On Wed, Canadian consumer price index data for June will be released. Economists expect that core inflation was 1.6% on an annualized basis in June, from 1.5% in the previous month, while all-items inflation as 2.9%, from 2.2%.



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