Press suggestions that the Trump......>

DOLLAR-CANADA: Press suggestions that the Trump administration could allow for a

temporary 30-day Tariff exemption for Mexico and Canada on steel and aluminium

imports allowed Usd/Cad to drop from C$1.2923, through its NY low of C$1.2890 to

C$1.2868. Again thin conditions in Asia led to a perceived overshoot as rate

recovered to hold back around C$1.2890 into Europe. Rate had seen a sharp

recovery Wednesday on BOC no change which allowed for a retest of recent highs

of C$1.3001(Mar5) before momentum was lost and rate drifted back. Traders have

suggested that if rate cannot make progress above C$1.3000 in next few session

they expect to see some paring back of longs. A break and build above C$1.3000

to open a move on toward C$1.3080-1.3119. Support seen into C$1.2860/50.