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retreated from session low versus dollar amid optimism that European leaders are moving closer to agreement on solving the region’s debt crisis.
The euro has been buoyed by suggestions that the ECB will buy bonds as soon as anyone comes to the European Financial Stability Fund to ask for help.Canada’s dollar weakened against its U.S counterpart for the first time in four days as inflation slowed in July, adding to evidence the nation’s economy is moving away from full capacity.
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