USD/CAD Bounces as Europe Winds down trading

The USD/CAD is trading lower Thursday. Last in the USD/CAD is 1.2500 down 0.0120. European forex traders are going home for the day and the pair has bounced off the lows set early on in the session. Crude Oil prices have given up much of the early days gains and that has supported the pair. Market talk about easy policy directly ahead from the BOC has surfaced.