It’s a busier day ahead on the economic calendar after some key stats from the Asian session. The EUR, the GBP and the Greenback will be in focus later today.
The Canadian dollar slipped against its U.S. counterpart on Monday, giving up nearly all advances logged in the previous session, as oil prices pared the day's early gains. At 4:01 p.m. EDT (2001 GMT), the Canadian dollar was trading 0.3% lower at 1.2557 to the greenback, or 79.64 U.S. cents. A rise in the price of oil, one of Canada's main exports, initially helped the loonie fend off deeper losses against its U.S. counterpart on Monday.
USD/CAD did not get below the support at 1.2525 and rebounded closer to the 20 EMA.