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USD/CAD has added 10 pips thus far,...>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has added 10 pips thus far, reversing some of yesterday's
23 pip losses registered on the back of an uptick in WTI prices. Oil was
supported by comments from Russian Energy Minister Novak, who said that his
country is on track to reach output cuts agreed within OPEC+, as well as broader
risk appetite.
- USD/CAD last trades at C$1.3391, which represents its 100-HMA.
- Worth mentioning Beijing's decision to revoke Glencore's license to ship
Canadian canola to China did not help the already strained Sino-Canadian
relations. Commenting on the matter, PM Trudeau said that Canada is "going
through some diplomatic challenges with China."
- After the psychological C$1.3400 level has provided a durable resistance thus
far, bulls look for a jump above the figure before challenging yesterday's peak
at C$1.3416. Meanwhile, a slide through yesterday's low of C$1.3372, which
capped gains on Mar 13 & 15, would open up the cloud top, located at C$1.3367.
- Canadian GDP comes out on Friday, while the speakers' slate is empty during
the remainder of this week.

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