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CAD is being pressured by.............>

DOLLAR-CANADA
DOLLAR-CANADA: CAD is being pressured by diminished risk appetite stemming from
worries re: US-China trade issues & lower oil prices following weekend reports
that Saudi & Russia will push for an increase in OPEC+ crude production in Q3.
- The cross last deals 10 pips higher at C$1.3195, back from highs of 1.3208.
- The pair trades above C$1.3189 (1.618 swing of $1.3047-$1.2818), but has moved
back below C$1.3199 (Equality rise from C$1.2729 to C$1.2528-C$1.2998). Above
here interest comes in at C$1.3257 (9 month bull channel projection).
- Friday will be a key day for CAD traders with domestic CPI & retail sales data
due, as well as an OPEC+ summit in Vienna.
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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