April 3, 2012 / 6:45 PM / 5 years ago

Canadian dollar weakens after Fed statement

Canadian currency in the form of twenty dollar bills are displayed in this posed photograph in Toronto, October 22, 2008. REUTERS/Mark Blinch

TORONTO (Reuters) - The Canadian dollar slid against its U.S. counterpart on Tuesday after U.S. Federal Reserve policymakers appeared less keen to launch a fresh round of monetary stimulus as the U.S. economy improves, boosting the greenback against most major currencies.

The Canadian dollar weakened to C$0.9925 versus the U.S. currency, or $1.0075, shortly after the release of Fed minutes. It was down from Monday’s close at C$0.9903 versus the greenback, or $1.0098.

Reporting By Jon Cook; Editing by Jeffrey Hodgson

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