Free Trial

NAFTA continues to present the........>

DOLLAR-CANADA
DOLLAR-CANADA: NAFTA continues to present the points of interest for CAD
traders. U.S. trade advisor Peter Navarro noted that NAFTA is being
renegotiated, but offered little fresh insight late Monday, with delegates from
the two nations set to hold informal discussions regarding NAFTA on the side
lines of this week's UN meeting.
- USD/CAD last deals at C$1.2960, virtually unchanged overnight. Bulls managed
to recover the C$1.2900 level yesterday, holding above the Aug 28 low and
keeping clear of the 200-DMA (C$1.2865). Bulls look for a break back above the
50-DMA (C$1.3054) and the 50% retracement level at C$1.3101 to return the focus
to the upside.
- Highlights of the Canadian docket during the week include an address from BoC
Gov. Poloz (Thursday) & Jul GDP data (Friday).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.