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Canadian Dollar Is Weaker Early Tuesday, Says BMO

-- After last weekend's breakdown in talks, it looks like Iran might come back to the negotiating table with the United States ahead of this week's ceasefire deadline, said Bank of Montreal (BMO).

The bank notes it knows how fragile and fluid this situation is, so it will take any update with a degree of caution, although, for now, talking is a "good sign."

The risky business is still supporting the US dollar (USD) index, while the Canadian dollar (CAD or loonie) has weakened to $1.365 (73.2 cents US) early Tuesday, stated BMO.

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