USD/CAD has edged lower in early......>

DOLLAR-CANADA: USD/CAD has edged lower in early Asia-Pac dealing, benefitting

from a modest risk-on feel, trading at C$1.3120. 

- The pair climbed >50 pips Monday and was just 10 pips short of the Oct highs

at C$1.3159 at the session peak, before it pared back.The move to highs came

after Bloomberg reported that the Trump administration is considering another

wave of tariffs should the Trump-Xi talks end up with no trade deal, which was

later refuted by the White House allowing the rate to ease. 

- Bears keep an eye on the 100-DMA at C$1.3075. A break below would open up the

50-DMA at C$1.3015. Bulls need to retake Monday's high of C$1.3149 before

targeting the C$1.3175 Sep 11 high. 

- Focus this week falls on Canadian GDP due Weds and labour mkt data on Fri.