CANADIAN DOLLAR PLUMMETS ON MONDAY HOLIDAY MARKETS
- Canadian Dollar sheds half of a percent against the Greenback.
- Canada Day holiday leaves CAD markets in the dark for Monday.
- Canadian data remains limited this week until NFP Friday.
The Canadian Dollar (CAD) broadly retreated on Monday, as Canadian markets were dark for the Canada Day long weekend. CAD traders will be returning to the fold on Tuesday just in time for a fresh print of Canadian S&P Global Manufacturing Purchasing Managers Index (PMI) figures.
Canada has a largely empty dance card on this week’s economic calendar. Outside of Tuesday’s upcoming PMI print, little of note comes from the Canadian side until Friday’s labor figures, which will largely get drowned out by another round of US Nonfarm Payrolls (NFP).
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