The Canadian Dollar gave a lopsided performance on Tuesday.
Canada labor figures loom ahead on Friday, but data prints remain limited until then.
After a recovery in market sentiment, the wait for Fed rate cuts continues.
The Canadian Dollar (CAD) gave a mixed performance on Tuesday, rising and falling mostly in step with the broader FX market. The CAD gained ground against the floundering Pound Sterling and eased lower against the recovering Japanese Yen.
Economic data from Canada remains thin through the trading week until Friday’s Canadian labor data dump. CAD traders can expect the Canadian Dollar to continue drifting along with broader market flows in the meantime as investors continue to keep focus hinged on hopes for rate cuts from the Federal Reserve (Fed) in September.
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