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Rate remains under pressure as USD....>

DOLLAR-CANADA
DOLLAR-CANADA: Rate remains under pressure as USD selling remains the dominant
theme in early NY. The USD and JPY are the poorest performers ahead of the Wall
Street open, with SEK and NOK the strongest. Support remains at C$1.2877/76,
marking the 76.4% Fib level for the C$1.2840-1.2998 move as well as the May8
low. Weekly DoE inventories the next risk event for CAD, due at 1530BST,
although this may have lesser importance given the strength in oil prices today,
which trade higher by over 2% on the US' drop-out of the Iran deal late
yesterday.

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