The Canadian Dollar (CAD) backslid against the US Dollar on Monday.
A moderate recovery has the CAD back into the green for the day.
A Canadian holiday leaves CAD trading flows crimped.
The Canadian Dollar (CAD) tumbled against the Greenback early Monday before a mid-session recovery. The CAD is holding in positive territory against the US Dollar to kick off the new trading week, but market flows remain thin with Canadian markets shuttered for the August Civic Holiday.
CAD traders will be waiting in the wings with meaningful Canadian economic data slated for Friday with July’s updated labor figures. A smattering of mid-tier data from Canada is due throughout the midweek, but impact is set to be limited..
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