USD/CAD bounces off 2-day low

The U.S. dollar pared losses against its Canadian counterpart on Tuesday, bouncing off a two-day low in volatile trade as markets continued to focus on the euro zone’s sovereign debt crisis.

USD/CAD clawed back from 0.9892, the lowest since September 9, to trade at 0.9914 during U.S. morning trade, still down 0.13% on the day.