Quotes from Western Union:- EURUSD wasn’t the only major currency pair in the 1.18s as USDCAD briefly hit that key level which marked the loonie’s weakest level since May 2009. Canada’s commodity-tethered currency can’t seem to catch much of a break with oil testing a new bottom and fresh five-year lows. – Canada’s main economic event this week will be the nation’s December employment report on Friday. The loonie will also have to contend with fresh jobs figures from the U.S. which could underscore the disparity in growth prospects between the two bordering countries.
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