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Canadian Dollar trims recent gains as risk-off sentiment weighs

From fxstreet.com

The Canadian Dollar (CAD) pared back recent gains against the US Dollar (USD) on Thursday, shedding a quarter of a percent against the USD as market flows pull back to safety and bolster the Greenback. US economic data broadly printed worse than expected on Thursday, driving investors back into safe havens. Canada brings strictly low-tier economic calendar events this week, leaving CAD flows at the mercy of broader market sentiment. Bank of Canada (BoC) Governor Tiff Macklem spoke at an event on Thursday, but avoided giving any updates on the Canadian central bank’s policy stance. The Canadian Dollar (CAD) is mixed ... (full story)

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