Free Trial
US TSYS

Bear Flattening In Early Asia Trade

AUSSIE BONDS

AUCTION PREVIEW: ACGB Sep-26 Supply Due

FOREX

Sentiment Sours

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD has shed 21 pips thus far and last deals at C$1.3437, as
crude oil prices have advanced on the back of OPEC+'s pledge to stick to output
cuts through the rest of the year. WTI trades $0.80 higher at typing.
- The rate finished virtually unchanged Friday, despite climbing initially on
the back of broader risk aversion. However, after having a look above C$1.3500
in the London afternoon, USD/CAD declined, with the move lower accelerated by
U.S. Pres Trump's declaration that the U.S. will lift tariffs on Canadian &
Mexican steel & aluminium.
- Earlier today, Trump tweeted that Canada & Mexico have removed tariffs on U.S.
agricultural products.
- Bears look to the lower Bollinger band (2%), located at the psychological
C$1.3400 level, just below the May 16 low. On the topside, focus falls on the
21-DMA at C$1.3448, ahead of the 100-HMA/200-HMA at C$1.3456/58.
- Canadian retail sales come out on Wednesday, while wholesale trade sales will
follow on Thursday.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.