Free Trial

Reported comments by US Trade Rep.....>

DOLLAR-CANADA
MNI (London)
DOLLAR-CANADA: Reported comments by US Trade Rep Robert Lighthizer that NAFTA
countries are nowhere close to a deal lifted USD/Cad in early Asia to an
extended high of C$1.2847. However, react move ran into decent resistance, said
to be sitting into C$1.2850, that countered move and allowed rate to drift back
toward C$1.2420 ahead of Europe. General paring back in USD longs in early
Europe extended the move back to its opening Asian level of C$1.2802, currently
around C$1.2808. Support noted into $1.2790 ahead of C$1.2750-30. Option
interest said to provide the outside parameters at C$1.2625-1.2925. Focus today
seen on release of Canadian CPI(median 0.3%mm, 2.3%yy) and Retail Sales(median
0.3%mm/ex autos 0.5%mm) at 1230GMT. RBC in a morning note sees chance that
releases will come in on the firmer side. NAFTA headlines and UST yields also
remain key directional drivers. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@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.