USD/CAD Trading Higher, Canadian IVEY PMI Edges Down

USD/CAD is trading at 1.3167, up 0.0082. The pair is trading rangebound. Market chatter about global headline news and money flows is making the rounds. The Richard Ivey School of Business Canadian seasonally adjusted IVEY PMI (purchasing managers survey) for January fell to 57.2 versus 60.8 in December.