April 3, 2012 / 6:45 PM / in 6 years

Canadian dollar weakens after Fed statement

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.

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

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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