USD/CAD surrenders early gains to 1-week tops, Canadian GDP/US data in focus

•  Weaker oil prices weighed on Loonie and provided an early minor boost. •  Further gains remained capped amid the prevalent USD selling bias. •  Investors look forward to Canadian GDP/US data for some fresh impetus. The USD/CAD pair faded an early European session spike and quickly retreated around 50-pips from the 1.3100 neighborhood.

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