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TORONTO, July 30 - The Canadian dollar was on track to end its longest losing streak in seven years against its U.S. counterpart on Tuesday, as investors awaited a policy decision this week by the Federal Reserve.
Investors expect the Fed to hold interest rates steady at a policy announcement on Wednesday but signal that rate cuts are imminent. "The CAD is fighting against a tidal wave of negative sentiment," Osborne said."The latest CFTC data showed a huge accumulation of bearish CAD positioning."
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