Wednesday, June 13, 2007

Canada's Dollar Falls to Lowest in Almost Two Weeks Before Shipment Report

(Bloomberg) -- The Canadian dollar fell to the
lowest in almost two weeks before a government report which may
show manufacturing shipments slowed in April.

The currency also dropped amid a broad rally in the U.S.
dollar as investors pared bets that the Federal Reserve will cut
borrowing costs this year. Yields on the U.S. 10-year Treasury
note rose to the highest since April 2002.


Read more at Bloomberg Currencies News

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