USD/CAD advanced 22 pips overnight....>

DOLLAR-CANADA: USD/CAD advanced 22 pips overnight and last deals at C$1.3316.

The second half of the Asia-Pac session saw CAD come under pressure on the back

of a Globe & Mail story suggesting that the U.S. is set to proceed in seeking

the extradition of the Huawei CFO Meng, whose December arrest in Vancouver

triggered a diplomatic crisis in Sino-Canadian relations. 

- Also worth mentioning the Globe & Mail has reported that "Alberta Premier

Rachel Notley is expected to announce a $2-billion private investment in a

partial upgrading facility designed to allow the province's oil sector to

squeeze more crude into overcrowded pipelines." 

- After briefly looking above, bulls need a move above C$1.3318, where the rate

peaked yesterday. This would open up the the 55-DMA/50-DMA at C$1.3344/59. On

the downside, initial attention is drawn by yesterday's low of C$1.3252, ahead

of the 100-DMA at C$1.3201. 

- Domestic retail sales due Wednesday headlines the Canadian economic docket

this week, while wholesale trade & m'fing sales come out later today.