USD/CAD fell a dozen pips overnight...>

DOLLAR-CANADA: USD/CAD fell a dozen pips overnight and last trades at the

100-DMA of C$1.3206, owing mostly to broader USD weakness, partly caused by the

USD/CNH selloff noted overnight. 

- Worth mentioning China has arrested yet another Canadian citizen, charging him

with fraud & forging documents. This followed PM Trudeau's decision to oust

Ottawa's ambassador to Beijing McCallum after the latter said on Friday that the

case against Huawei CFO Meng's extradition to the U.S. is strong. As a reminder,

the U.S. has to submit the extradition request by Wednesday. 

- Bears need a clean break below the 100-DMA (briefly breached overnight), which

would allow them to regain control & target the YTD low of C$1.3180. Meanwhile,

initial topside focus falls on the Jan 10 high of C$1.3259 and a break above

would open up the 21-DMA at C$1.3339. 

- Canadian highlights this week include domestic GDP due Thursday & m'fing PMI

due Friday. Elsewhere, BoC Dep Gov Wilkins is due to speak Thursday.