The loonie was down 0.13 of a cent to
Analysts note that readings on U.S. inflation are considered key these days to get a clue as to when the Federal Reserve might start hiking rates since the American employment situation has improved so much over the last few months.
And there was speculation that a higher than expected inflation reading would have pulled forward expectations for when the U.S. Federal Reserve will start hiking interest rates.
"There has been a bit of back and forth with expectations for the first interest rate hike with it being pulled forward and then pushed back," said Sutton, chief FX strategist and managing director Scotiabank Global Banking and Markets.
Many analysts expect the Bank of
Meanwhile, geopolitical concerns eased somewhat as traders considered the impact of potentially tighter economic sanctions against
Meanwhile, there was relief as pro-
On the commodity markets, the September crude contract on the
August bullion declined
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