June 20, 2012 / 4:44 PM / in 5 years

CANADA FX-C$ hits session low after Fed decision

TORONTO, June 20 (Reuters) - The Canadian dollar weakened to a session low against its U.S. counterpart on Wednesday even after the U.S. Federal Reserve, as expected, extended its monetary stimulus to a U.S. economic recovery that looks at risk of stalling.

The currency weakened as far as C$1.0231 versus the greenback, or 97.74 U.S. cents, from around C$1.0203, or 98.01 U.S. cents heading into the Fed’s release.

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