Canadian Dollar paring back gains as markets pivot out of Loonie

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• The Canadian Dollar is seeing pullback as investors seek Greenback pastures.
• Canada Trade Balance improves but fails to inspire CAD bidding.
• Broad-market risk sentiment is wobbling, sending safe havens higher.

The Canadian Dollar (CAD) is moving lower, giving up last week’s gains against the US Dollar (USD) as broader market sentiment twists on Tuesday. A large miss for Chinese trade data coupled with hawkish statements from Federal Reserve (Fed) officials are jointly hampering risk appetite.