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The Canadian Dollar (CAD) continued to shed weight against the Greenback, testing a fresh 25-month low against the globally-dominant US Dollar as Loonie traders continue to lose interest in the CAD. The economic calendar remains suppressively thin on the Canadian side, and a broad-market rally underpinning the Greenback has bolstered the USD/CAD pair into multi-year highs and inching toward 1.4000.
With Canada mostly absent from the economic data docket this week, Loonie traders will be forced to the sidelines as Greenback flows take over market momentum. Canadian Consumer Price Index (CPI) inflation figures are on the docket for next week, but not until Tuesday.
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