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March 08, 2018 11:27 GMT

Rate extends its recovery, off........>

John Webb

DOLLAR-CANADA

MNI (London)

DOLLAR-CANADA: Rate extends its recovery, off earlier Asian lows of C$1.2868

seen as the rate was shoved lower in Asia as traders reacted to the suggested

30-day exemption of Canada and Mexico to the proposed steel and aluminium US

import tariffs. Usd demand through the European morning has now taken rate up to

C$1.2947, holding just shy of the reported resistance area between

C$1.2950-70(61.8%-76.4% C$1.3001-1.2868). Through here and the recent high at

C$1.3001 becomes exposed again.

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

Markets Foreign Exchange News

John Webb

MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

Markets Foreign Exchange News

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