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CAD is also being supported by an.....>

DOLLAR-CANADA
DOLLAR-CANADA: CAD is also being supported by an uptick in oil prices stemming
from uncertainty heading into Friday & Saturday's OPEC+ meetings. The OPEC+
committee has recommended an increase in production of 1mn B/D, although the
actual increase will likely be closer to 600K B/D. Iran protested against the
decision as expected, leaving a cloud of uncertainty hanging over the upcoming
proceedings.
- Canadian CPI & retail sales data provide the immediate risk events on Friday.
- USD/CAD last deals at C$ 1.3305, back from session highs of C$1.3322. Bulls
look to C$1.3348 (Jun21'17 high), while bears look to Thursday's low of
C$1.3285.
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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