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

DOLLAR-CANADA: USD/CAD has edged lower in the Asia-Pacific session and last

deals at C$1.3476 after closing 18 pips higher Wednesday. 

- The rate traded flat yesterday before slipping to intraday low at C$1.3416, as

CAD was aided by a jump in oil prices upon the release of the EIA report saying

that U.S. crude inventories fell last week amidst increased winter fuel demand.

However, USD/CAD bounced thereafter, as oil ebbed off of its best levels, and

took an additional boost from the Fed hike, which triggered USD rally. 

- Worth noting Canadian inflation slowed to a 10-month low/below the central

bank's target in November, came in at 1.7%. 

- Meanwhile, Canadian PM Trudeau said that another Canadian citizen is detained

in China, some think in retaliation for Canada's detention of Huawei CFO Meng. 

- Bulls need to retake yesterday's high of C$1.3507 before shifting focus to the

Jun 9 2017 high at C$1.3440. Initial support is located at yesterday's low and a

fall through that level would give bears some downside momentum. 

- Canadian GDP & retail sales, as well as the BoC biz. outlook survey are all

due Friday.