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Canadian CPI and retail sales are due...>

CANADA DATA
CANADA DATA: Canadian CPI and retail sales are due to be released in 10 mins. 2
of the past 3 months have seen decent positive surprises in the CPI data with a
0.2% surprise to y/y headline CPI in the July and a 0.5% surprise in the August
release. Both of these have seen USDCAD fall around 70 pips on the release.
Another positive surprise would likely see a break below the 100-dma at 1.3014
opening up a move to 15-Oct's low at 1.2955. A negative surprise would see
USDCAD move initially back up to 1.3066 before challenging today's high at
1.3088.

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