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DOLLAR-CANADA
DOLLAR-CANADA: * Correct * (Completed final sentence) USDCAD moved to session
lows of 1.2928 after ABC sources suggested that US Treasury Secretary Mnuchin
has urged Trump to exempt Canada from the steel & aluminium tariffs.
- The cross has breached the initial recovery high from Jun 04 at 1.2946, which
provided support, with the next level of support noted at Tuesday's intraday low
of 1.2914. The cross last deals at 1.2940.
- Canadian trade data presents the most notable CAD-centric economic release on
Wednesday.
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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