The dollar was near net unchanged versus the euro as of the early European PM session, and fractionally lower against the yen while showing more pronounced losses against sterling and the Aussie and Kiwi dollars, which managed to rebound from hefty losses seen during the latter part of last week. USD-CAD remained bid, recouping from a 1.3701 low to near 1.3750, closing in on Friday's 11-year peak at 1.3758. The run higher reflected CAD underperformance as oil prices took another tumble, sending front-month NYMEX crude futures to a seven-year low of $34.83.
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