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CAD benefitted from late reports......>

DOLLAR-CANADA: CAD benefitted from late reports Tuesday suggesting that Canada
is ready to include the dairy industry in NAFTA negotiations, with generally
warm comments from Trump re: the prospect of a deal lending further support.
- This allowed USD/CAD to register a low of C$1.3043, pulling back to C$1.3070
last after Canadian ForMin Freeland recently declined to say when she'll next
meet with U.S. TR Lighthizer, although she stressed that a NAFTA deal is still
possible and that the latest talks were constructive.
- Bears still need the pair to break C$1.2900 to re-establish the downtrend and
target the 200-DMA and channel base support (C$1.2861/46).
- Trade talks/sentiment surrounding the matter are set to dominate price action
for the remainder of the week.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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