Loonie falls after BoC keeps rates unchanged

The Canadian dollar fell on Wednesday away from a three-month high hit yesterday, as the U.S. currency recovers while Bank of Canada kept interest rates unchanged.
 
USD/CAD last traded at 1.3090, down from the opening of 13062, with an intraday high at 1.3120, and a three-month trough at 1.3049.
 
BoE decided to keep interest rates unchanged at their record low of 0.50% amid tensions in the world economy regarding new U.S. policies under Donald Trump.
 
Crude's gains recently helped stabilize the Canadian economy, but policymakers preferred to keep things unchanged to gather more assurances before launching a new policy. 

On the other hand, the U.S. dollar rose today after drawing support from strong inflation data, which heaped pressure on the loonie.