Free Trial

One newswire has run a report.........>

DOLLAR-CANADA
DOLLAR-CANADA: One newswire has run a report noting that NAFTA talks are
unlikely to reach a deal this week, citing an unnamed Canadian Minister.
- Late comments from BOC's Wilkins on Thursday: BOC debated dropping `gradual
approach' to rate hikes, allowed USD/CAD to unwind earlier gains as markets
await the outcome of the NAFTA talks.
- USD/CAD move to a high of C$1.3166 on the headlines, last C$1.3160.
- Bulls need a convincing break of the double-top resistance area (C$1.3205/10),
to open up the July 20 high (C$1.3290). Bears need a break of C$1.2900 to
re-establish the downtrend
- Canadian labour market data provides the highlight of the CA docket today.
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.