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$1.3080

after Canadian ForMin Freeland 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.

- Rate last deals at C$1.3065.

- 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.