Canadian dollar reaches two-month low

The Canadian dollar closed at its lowest level in two and a half months against the U.S. dollar, amid increased demand for safe-haven assets due to tensions in the Middle East. Investors are also awaiting Canada's GDP data for July. Geopolitical concerns are contributing to the rise of the U.S. dollar, as the market prepares for the Bank of Canada's interest rate decisions, with expectations of stable upcoming economic data.

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