Loonie at 72.95 U.S. cents
was little changed against its U.S. counterpart on Wednesday, with the currency trading in a narrow range as domestic data showed new home prices continuing to decline and ahead of a Federal Reserve interest rate decision.
The Bank of Canada paused its tightening campaign earlier this month. A summary of the bank’s policy deliberations for that decision is due for release at 1330 ET . The Canadian dollar was trading nearly unchanged at 1.3708 to the greenback, or 72.95 U.S. cents, after moving in a range of 1.3694 to 1.3718.
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