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Broader USD strength has limited......>

DOLLAR-CANADA
DOLLAR-CANADA: Broader USD strength has limited USD/CAD's forays below C$1.3000
in recent sessions with the pair last trading 10 pips or so softer at C$1.3010.
- The CAD has been aided by the strong CA GDP release from earlier in the week,
with many targeting a BOC hike in October. Scotiabank have one of the more
aggressive BOC calls, and now look for a hike in September, but haven't added
any additional hikes to their profile through the end of 2019 (equating to 100bp
of tightening from current levels).
- CAD now traders look to next week's domestic risk events, which come in the
form of the labour market report, Ivey PMI & housing starts data.
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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