Yahoo Finance USD/CAD Almost Unchanged in Subdued Trade
Investing.com - The U.S. dollar was almost unchanged against its Canadian counterpart in subdued trade on Friday, as sentiment on the greenback remained vulnerable after the minutes of the Federal Reserve's latest policy meeting.
Trade volumes were expected to remain thin with U.S. markets open for only half a day on Friday after the Thanksgiving holiday on Thursday.
USD/CAD was steady at 1.2715 by 09:30 a.m. ET (13:30 GMT)
The greenback came under broad selling pressure after the minutes of the Fed's most recent meeting showed that some policymakers remain concerned over persistently low inflation.
The report also showed that the Fed expects to raise interest rates in the "near term", adding to expectations for a December rate hike.
However, the central bank added that economic data will determine the timing of future rate hikes, which could mean a slower pace than expected for 2018.
The loonie was lower against the euro, with EUR/CAD up 0.48% at 1.5140.
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Forex - USD/CAD Almost Unchanged in Subdued Trade
