USD/CAD breached Wednesday's high.....>

DOLLAR-CANADA: USD/CAD breached Wednesday's high overnight, trading around highs

of C$1.3049 last, on the back of widely reported comments from U.S. President

Trump, noting that he rejected a one-on-one meeting with Canadian PM Trudeau, as

he is very unhappy with Canadian negotiations, while he believes that Canada has

treated the "U.S. very badly in trade." Trudeau's office pushed back against the

reports, stating that no such request was made and that it will make no further

comments on the matter.

- The latest leg lower in EUR/USD has added some broader USD demand.

- These comments come after reports that the U.S. is ready to publish the text

of a NAFTA agreement with Mexico on Friday, with scope for Canada to join the

agreement later on (this of course needs the approval of congress).

- Bulls look for a break of the nearby 50-DMA (C$1.3051) to open up a move to a

retracement level at C$1.3101.

- Highlights of the Canadian docket include an address from BoC Gov. Poloz (late

Thursday) & Jul GDP data (Friday).