April 27, 2011 / 4:49 PM / 6 years ago

CANADA FX-C$ firms after Fed holds rates steady

 TORONTO, April 27 (Reuters) - The Canadian dollar firmed
against the U.S. dollar after the U.S. Federal Reserve said on
Wednesday it would keep rates exceptionally low for an extended
period. [ID:nW1E7FI013]
 The currency CAD=D4, which weakened initially, firmed to
C$0.9547 the U.S. dollar, or $1.0475, from C$C$0.9562, or
$1.0458 just prior to the statement. The Canadian dollar was
still lower than Tuesday's North American finish of $1.0506.
 ($1=$0.96 Canadian)
 (Reporting by Solarina Ho; editing by Jeffrey Hodgson)

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