TORONTO (Reuters) -The Canadian dollar weakened against its U.S. counterpart on Friday as the recent uptick in risk appetite lost momentum and after the release of downbeat data for Canada’s services sector, but the currency was still headed for a weekly gain. The loonie was trading 0.2% lower at 1.3605 per U.S. dollar, or 73.50 U.S. cents, after moving in a range of 1.3567 to 1.3612. “A spike in risk aversion in thin, late week trading has chipped away at the CAD’s rise (this week) a little but markets remain keen to pick up CAD on minor dips,” Shaun Osborne and Eric Theoret, strategists at Scotiabank, said in a note.
Source:: News – World – Economy – rss.apps
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