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MNI Analysis finds that despite.......>

DOLLAR-CANADA
DOLLAR-CANADA: MNI Analysis finds that despite headline risks persisting from
NAFTA negotiations and USMCA agreement, CAD remains in a tug of war between
rates markets and commodities:
-Rates and Commodities pulling CAD in opposite directions
-CAD upside pressure building as commodities recover...
-...While rates markets point to CAD weakness
-Meanwhile, headline risks persist courtesy of NAFTA/USMCA agreement
-Recent break out of recent USD/CAD range suggests current low hedging costs
(relative to wider G10) may not be sustained
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