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USD/CAD has moved higher on the.......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has moved higher on the back of broader risk off flows
and trades at C$1.3115 at writing, after topping at C$1.3119 overnight.
- Today's Asia-Pacific session saw USD/CNY & USD/CNH move above yesterday's
highs, aided by the 1st PBOC USD/CNY fix > CNY6.9500 since Jan '17, which is
weighing on general risk appetite.
- USD/CAD bulls now look to various recent intraday highs, layered into
C$1.3133, while bears turn their focus to the 50-DMA at C$1.3012 in search of a
reversal pattern.
- Nearby notable USD/CAD FX option expiries of note at today's 10:00 NY cut:
C$1.3200 ($1.31bln).
- Focus next week falls on Canadian GDP due Wednesday, as well as the release of
the labour market report on Friday.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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