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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

US DATA
US DATA: April import prices below-expected +0.2%, -0.6% ex-petro
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- April import price index +0.2% vs +0.7% exp by BBG and MNI.
- Ex-petro import prices -0.6% vs +0.2% exp by BBG; petro +6.1%.
- Natural gas imports record low -53.7%; Food imports 3y high +2.8%
- Import price declines for capital goods, autos, consumer goods
- Export prices +0.2%; ex-agriculture +0.4%; agriculture -1.5%.
- Y/Y rates: imports -0.2%;ex petro -1.0%;ex fuel -0.9%,low since Aug16 
- Imports by origin: Canada +1.3%, EU +0.1%, China -0.2%, Mexico +1.1%
- Import prices from China -1.1% y/y, largest drop since May 2017