USD/CAD fell ~20 pips after BBG.......>

DOLLAR-CANADA: USD/CAD fell ~20 pips after BBG reported that U.S. President

Trump had asked his cabinet to draft a possible trade deal with China. As

China-induced risk flows played out, the pair wiped out an earlier uptick and

hit fresh lows at C$1.3071. The rate last deals at C$1.3073. 

- The pair closed significantly lower on Thursday after broader U.S. dollar

weakness weighed, although falling oil prices provided some support and might

have limited the pair's overall decline. 

- Bears managed to break below their nearby target falling on the 100-DMA at

C$1.3077 and are approaching the next focal point at the Oct 26 low of C$1.3069,

seeking a close below that level, which would open up the channel base C$1.3047.

Conversely, bulls need a close above yesterday's highs of C$1.3169 to regain

upside momentum. 

- Canadian focus today falls on its own labour mkt data.