tors pile into the USD. The USD/CAD is rounding into the midpoint of the US trading session just south of 1.3680.
The CAD is slipping as Greenback gains couple neatly with a backslide in Crude Oil prices, kicking the legs out from underneath CAD support. Market flows and US data are set to drive the USD/CAD into the mid-week with little of note on the economic calendar for CAD traders until Thursday’s Ivey PMI.DXY flows are being guided by US Treasury yields, and currency traders will want to keep an eye on bond markets to determine directional shifts in the US Dollar.Technical analysis: Canadian Dollar continues to backslide against the US Dollar, USD/CAD seeking 1.
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