- Published: Wednesday, 03 October 2012 12:10
- Written by Sam Coventry
The Canadian dollar (Currency:CAD) is looking rather frail as we head towards the US session. "Further signals of slowing global activity—with another softer Chinese PMI and a sharply wider Australian trade deficit—fuelled a typical risk-off session in Asia. And while we’ve seen a decent retrace of those moves in the European session, risk currencies—including the CAD—are on net still lower ahead of the North American open," says Shaun Osborne at TD Securities.