The Canadian Dollar (CAD) slid to a 25-month low against the US Dollar (USD), with the USD/CAD pair nearing the 1.4000 level. A lack of significant Canadian economic data and a strong rally in the US Dollar have pressured the Loonie further.
With limited domestic data this week, traders remain focused on USD movements, which are driving market momentum. Canadian CPI inflation data, due next Tuesday, may provide the next catalyst for the CAD. Until then, the Loonie is likely to stay sidelined amidst global Greenback dominance.


