CANADA FX-C$ weakens to fresh 5-1/2 year low after Fed statement

Wed Jan 28, 2015 2:53pm EST
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TORONTO Jan 28 (Reuters) - The Canadian dollar weakened to a fresh 5-1/2 year low on Wednesday, breaching psychologically important levels, after the Federal Reserve signalled it remains on track to raise interest rates later this year.

By 2:47 p.m. (1947 GMT), the Canadian currency had slipped back below C$1.25 to trade at C$1.2492, or 80.05 U.S. cents. It breached C$1.25 on Tuesday for the first time since April 2009, according to Reuters data. (Reporting by Alastair Sharp)