The Canadian dollar is slightly lower against its US rival, with housing data and the Fed's Beige Book coming today. Recent signs of improvement in the US housing market and the broader economy should give the loonie some support, particularly amid rising expectations that QE3 will be expanded as Operation Twist fades away. For Wednesday, however, traders see the US dollar trading between C$0.9900 and parity. It was recently at C$0.9950, according to CQG.
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