Canadian Dollar stumbles back on US PMI market reaction

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The Canadian Dollar (CAD) has slipped back into its lowest bids in almost three weeks against the US Dollar (USD) as broad-market flows reverse direct

Canadian Dollar falls back as investors pile into USD once more. Crude Oil extends Monday’s losses, evaporating CAD support with it. The Bank of Canada is due for its latest rate statement on Wednesday. ion and pile back into the Greenback following a bumper reading for the US Purchasing Managers’ Index that soundly thumped market expectations.

01% 0.78% 0.75% 0.47% -0.18% 0.29% 0.32% NZD -0.31% 0.47% 0.45% 0.14% -0.44% -0.30% 0.01% CHF -0.31% 0.44% 0.43% 0.16% -0.47% -0.35% -0.01% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY .

 

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