• The loonie seesawed around the key C$1.28 level, the weakest terrain in six years. A focus on the Fed has helped the Canadian currency hold up reasonably well despite renewed weakness in oil markets which is ordinarily a drag on the commodity-vulnerable currency. 
  
  
• Any hint from the Fed that it's tiptoeing closer to raising U.S. interest rates would tend to weigh on the loonie and leave it vulnerable to a fall toward C$1.30, a level it last touched in March 2009.