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USD/CAD broke back above its..........>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD broke back above its 200-DMA with ease Thursday, after
ignoring a significant slowing in the rate of expansion in the latest CA Ivey
PMI release (which just about held in expansionary territory), paying more
credence to the move lower in stocks and oil later in the session.
- Rate last C$1.2922. Bulls now look to the 100-DMA (C$1.3056) after filling the
USMCA gap. Bears need to press back through the 200-DMA (C$1.2875) and challenge
C$1.2800.
- CA focus falls on the domestic labour market report and trade balance release
later today.
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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