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NAFTA matters continue to garner......>

DOLLAR-CANADA
DOLLAR-CANADA: NAFTA matters continue to garner the interest of CAD traders,
with Canadian PM Trudeau suggesting that informal discussions between Canadian &
U.S. diplomats will likely take place on the sidelines of this week's UN
meeting.
- USD/CAD last trades at C$1.2935 (session highs), after sticking to a tight
range in early dealing this week, with CAD perhaps drawing some support from
higher oil prices.
- Bears look to target the 200-DMA & 61.8% retracement levels (C$1.2865/56) in
order to build on recent weakness and turn the medium-term outlook negative.
Bulls look for a break back above the 50-DMA (C$1.3058) to return the focus to
the upside.
- Highlights of the Canadian docket during the upcoming 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

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