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Euro Advances To New Multi-month High Versus Canadian Dollar

The European single currency extended its previous session's upward trading against the Canadian dollar during New York morning trading on Friday. The euro-loonie pair that closed yesterday's North American session at 1.3342 edged up to a fresh multi-month high of 1.3450 by about 10:40 am ET. At present, the euro is trading at 1.3440 versus the Canadian unit.

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Business News

A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

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