Loonie Downturn: On Friday, the Canadian Dollar (CAD) experienced a widespread decline despite disappointing US Nonfarm Payrolls (NFP) and wage data, causing it to plummet after an initial uptick. Given the absence of significant economic data in Canada until Tuesday, the Canadian Dollar was vulnerable to broader market dynamics. Poor US data failing to boost the Loonie as the overall weak risk sentiment kept demand for the Canadian Dollar subdued. Additionally, the Canadian Dollar was further weighed down by a drop in crude oil prices on Friday. Technical Analysis * Technical Breakout: USDCAD was traded higher ... (full story)