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Barclays recommends a long USD/CAD....>

DOLLAR-CANADA
DOLLAR-CANADA: Barclays recommends a long USD/CAD position as its trade of the
week, with a target of C$1.3200 and a stop at C$1.2970.
- Barclays believe that "risks for the loonie are asymmetric, as about 90% of a
BoC rate hike is already priced for the October meeting. A cautious statement by
the BoC and reiteration that trade uncertainty remains would likely pare
expectations of an October hike and weigh on the CAD."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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