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USD/CAD ebbed 7 pips lower............>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD ebbed 7 pips lower overnight and sits at C$1.3487, even
as WTI eased and last trades ~$0.60 worse off. Bears look for a fall through the
100-HMA, 21-DMA & 200-HMA, clustered within the C$1.3459-46 region. Bulls target
the May 23 high/upper Bollinger band (2%), located at C$1.3502/05.
- The Bank of Canada is set to deliver its MonPol decision later today. Since
the consensus forecast points to no change in the policy rate, focus will fall
on the accompanying statement. For our preview visit the link: 
https://emedia.marketnews.com/BoC-May2019.pdf
- On the data front, the remainder of this week is headlined by Canadian GDP,
due Friday. Elsewhere, BoC Dep Gov Wilkins speaks on Thursday.

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