The New Zealand dollar had a pretty tough week last week, as China’s growth concerns, weaker-than-expected mid-tier domestic data, and overall risk aversion highlighted the commodity-related currency’s relative weakness in the FX space. Meanwhile, the Bank of Canada’s (BOC) willingness to explore deeper interest rate cuts isn't doing CAD bulls favors. In fact, the oil-related Loonie failed to capitalize on last week’s recovery in crude oil prices.