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Strategies & Market Trends : Currents of Currency

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From: Ahda	4/2/2013 6:19:13 PM
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Canada Dollar Reaches 5-Week High as China Growth Boosts Demand By Cecile Gutscher - Apr 2, 2013 2:04 PM PT The Canadian dollar reached a five-week high against its U.S. counterpart as Chinese data showed growth for the world’s biggest consumer of metals and energy and supported the currencies of commodity-exporting nations. The loonie, as the currency is nicknamed, pared its advance as commodities prices erased gains and before employment data and central-bank policy statements later this week. China’s manufacturing expanded to an 11-month high, according to the Beijing-based National Bureau of Statistics and China Federation of Logistics and Purchasing April 1. Australia’s central bank kept its benchmark interest rate unchanged to match a half-century low in response to a recovery in household spending. bloomberg.com

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