USD/CAD ticks into 1.3250 as the CAD continues to give ground

• Overnight flows see the USD/CAD back on the rise as the Loonie tracks crude prices towards the low end.
• US and Candian GDP figures due this week could spark runs in the pair.

The USD/CAD is trading just north of 1.3250 through Tuesday's Asian market session after dipping to a near-term low of 1.3186, but a renewed round of Greenback-bidding sees the Loonie slipping back against the USD.

The Canadian Dollar is seeing renewed selling pressure in conjunction with fresh USD-positive flows as crude oil prices continue to see pressure towards the downside, with WTI overnight prices dipping back into the $51.00/barrel handle.

Later this week sees GDP data from both Canada and the US, and USD/CAd traders will be keeping a close eye on the printed figures, with the US seeing GDP figures on Wednesday and Canada dropping quarterly growth figures late in the day on Friday.

USD/CAD Levels to watch