• The Canadian Dollar recovered some ground on Wednesday.
• Canada remains absent from the economic calendar, strictly low-tier data on offer.
• The CAD shed some weight against the Greenback post-US CPI.

The Canadian Dollar (CAD) pared back some recent losses across the currency board on Wednesday, but a lopsided performance for the CAD still sees some red spots after the Greenback caught a bounce on a US Consumer Price Index (CPI) inflation print that met model forecasts but not investor expectations.

Canada continues its trend of delivering only low-tier economic data releases this week, leaving the CAD at the mercy of overall market flows. A recent recovery streak for the Canadian Dollar looks set to end, with CAD traders left to wait until next week’s Bank of Canada (BoC) CPI inflation print.