Canadian Dollar sees limited rebound after early Tuesday declines

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• The Canadian Dollar sees new lows but seeks a foothold in the American session.
• Bank of Canada rate call on Wednesday to draw CAD traders’ attention.
• Shifts in risk appetite have the markets moving in and out of the safe havens.

The Canadian Dollar (CAD) eased back further on Tuesday, seeing a short-lived rebound before slipping back into the day’s lows, shedding a third of a percent against the US Dollar (USD). Market sentiment rattled through early Tuesday trading after Moody’s downgraded China’s credit outlook, sending the US Dollar broadly higher on the day.