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Soc Gen new trade idea: Buy USD/CAD...>

DOLLAR-CANADA
DOLLAR-CANADA: Soc Gen new trade idea: Buy USD/CAD 2m one-touch, knock-in 1.26
Indicative offer: 11.50% (spot ref: 1.3030)
Rationale - USD/CAD can break below 1.30
- North American central banks definitely out of sync: A summer move towards
1.25 is possible.
- Canada and US growth paths set to diverge further: The impact of negative
tariffs on growth and prices will eventually be larger on the US and China than
on Canada.

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