The biggest mover out of the main currencies was the Canadian dollar today, which dove to major-trend lows as oil prices posted new declines. USD-CAD rallied to an 11-year at 1.3176, concomitantly with front-month NYMEX crude, which fell to a near five-month lows under $46.30. Elsewhere, most of the major dollar pairings remained within recent ranges. EUR-USD settled in the mid-to-upper 1.09s in the wake of Friday's short-lived surge to 1.1113 on the weak ECI out of the U.S. The final reading of the Eurozone manufacturing PMI for July was confirmed at 51.5, causing little market impact.
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