Loonie remained subdued by early crude softness coupled with woes surrounding Canada’s COVID situations. USD/CAD could be looking for overall momentum shifts this week. Expect manipulation...
The mild strength experienced in the early part of the European morning failed to hold. The broader Dollar and index reversed course after briefly topping its 200 DMA (92.306) ahead of the cash open in Europe, with the index tethering around 92.000 as the European Monday draws to a close after notching a 92.007-92.331 intraday band.