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USD Drops, Gold Spikes, Equities Benefit Post-NFP


(N1) Uptrend Extends


E-MINI S&P (M1): Support Remains Intact

NAFTA issues remain front and.........>

DOLLAR-CANADA: NAFTA issues remain front and centre for CAD traders with most
highlighting a low chance of a U.S.-Canada trade deal before the weekend.
Relations between U.S. President Trump & Canadian PM Trudeau appeared frosty on
the sidelines of the latest UN gathering.
- Elsewhere U.S. TR Lighthizer stressed that a number of significant issues
remain in the U.S.-Canada trade talks, and that the steel & aluminium tariff
matters will be dealt with separately from NAFTA discussions.
- USD/CAD last deals at C$1.2950, aided by a run higher in commodity linked FX
on the back of stronger than exp. NZ business confidence data. Bulls look for a
break back above the 50-DMA (C$1.3049). Bears need a break back below C$1.2900.
- 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 |