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Today's Asia-Pac session saw..........>

DOLLAR-CANADA
DOLLAR-CANADA: Today's Asia-Pac session saw USD/CAD drop almost 20 pips and the
rate last deals at C$1.3369, with WTI trading ~$50 lower on the day at writing.
- AUD weakness spilled over into the commodity currency complex, while worry
about Canada's domestic political situation and ongoing Sino-Canadian tensions
will have done little to aid the Loonie.
- Overnight, a source pointed to an increase in buyers on their platform, which
was briefly countered by sellers out of North Asia, who ultimately had little
impact on price action.
- Bulls initially look to the upper Bollinger band (2%) at C$1.3379 and above
here opens the cloud top at C$1.3404. Meanwhile, the initial bearish target is
provided by C$1.3356, which represents the cloud base.
- The BoC is set to deliver its latest MonPol decision today, with no change to
the policy rate expected. Elsewhere, BoC Dep Gov Patterson speaks on Thursday,
while Canadian labour mkt data comes out on Friday.

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