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The loonie has garnered attention.....>

DOLLAR-CANADA
DOLLAR-CANADA: The loonie has garnered attention in early dealing this week as
the war of words between US President Trump & Canadian PM Trudeau escalated over
the weekend after Trump instructed his representatives to not endorse the G7
communique.
- USDCAD printed a high of 1.3009, falling short of Friday's intraday high
(1.3020) after crossing above hourly resistance (1.2985/1.2995). The pair now
deals back below these levels at 1.2965, off of the 1.2956 low. Support is noted
at the June 08 low (1.2922) followed by the initial recovery high from June 06
(1.2901).
- With lower tier data due throughout the week CAD is set to trade off of
broader risk sentiment & trade matters.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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