Dollar edges down after April inflation remains flat

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On Friday May 20, 2011, 7:15 am

TORONTO (Reuters) - The dollar eased against the U.S. currency on Friday morning after the April annual inflation rate stayed at 3.3 percent, a touch less than expected.

But the rate was again above the Bank of Canada's target range of 1 to 3 percent, according to the Statistics Canada data.

The currency eased to C$0.9690 to the U.S. dollar, or $1.0320, from around C$0.9668 to the U.S. dollar, or $1.0343. It was also mildly softer than Thursday's close at C$0.9682 to the U.S. dollar, or $1.0328.

( Reporting by Ka Yan Ng, Editing by W Simon )