- USD/CAD fades bounce off three-week low amid sluggish markets.
- US Dollar struggles to defend recent gains, Oil price remains sidelined.
- Mixed sentiment about US debt-ceiling accord, banking turmoil prod Loonie pair traders.
USD/CAD renews intraday low near 1.3365 as it fails to defend the week-start rebound amid sluggish markets during early Tuesday. Adding strength to the Loonie pair’s pullback moves could be the US Dollar’s struggle to defend the previous gains amid a cautious mood ahead of the key US debt-ceiling talks in the White House. It’s worth observing that mildly bid WTI crude oil, Canada’s key exports, also allows the quote to lure bears.
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