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NAFTA issues remain front & centre....>

DOLLAR-CANADA: NAFTA issues remain front & 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$1.2955, after a dip to C$1.2945 on a run higher in
commodity linked FX owing to a stronger than exp. NZ business confidence print.
- Froma technical perspective bulls look for a break back above the 50-DMA
(C$1.3049), while 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 |