USD/CAD ENDING DOWN, BUT STILL BOUNCES OFF LOWS

USD/CAD ending down but off intraday lows, as CAD rebounded from Mon's four-and-a-half year low in line with a bounce for global equity markets and at least a momentary comeback in risk appetites. Along with many other currencies Tue, CAD couldn't hold onto its earlier gains however, testifying to fragility of risk acceptance in a market where USD is the only safe haven currency and economic gloom is never far from the minds of traders.