Canadian Dollar Falls Versus Most Currencies as Crude Oil Drops
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The Canadian dollar fell against most of its most-traded peers as speculation a cease-fire agreement will be reached in the Middle East sent the price of crude oil down from a one-month high.
The currency’s losses were limited after posting its biggest gain in a month against its U.S. counterpart yesterday on optimism the International Monetary Fund is considering classifying the so-called loonie and Australia’s dollar as reserve currencies.