Rate has now recovered close to 100...>

DOLLAR-CANADA: Rate has now recovered close to 100 pips from the session lows of

C$1.2830 and is now looking to make a test on the C$1.2950 level. After

benefiting from renewed hopes that Trump would issue broad exemptions to Mexico

and Canada on trade tariffs, his imminent expected announcement on intellectual

property controls against China is shaking sentiment somewhat. Minor resistance

may be found on an approach into the C$1.2964 level (50% retracement for the

C$1.2803-1.3125 move) and beyond there, C$1.3077 may be a cap (yesterday's high)

but that'd be a pretty impressive turnaround for the pair.