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USD/CAD is testing the................>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD is testing the psychological C$1.3300 level at writing
and deals 22 pips lower on the day as the greenback underperforms all of its G10
peers. CAD also finds itself near the bottom of the G10 table, with momentum
waning after Friday's domestic labour market & oil/OPEC+ induced strength, which
faded, to a degree. 
- In terms of the geopolitical backdrop Beijing threatened Ottawa with "severe
consequences" after Canada arrested Huawei CFO, delivering an ultimatum for her
release. 
- Bears look to a break below the 21-DMA at C$1.3258 before shifting focus to
Friday's intraday low at C$1.3254. Conversely, bulls need to retake Friday's
highs of C$1.3400 to regain some upside momentum. 
- The Canadian docket is rather thin this week and includes housing mkt data due
today. Elsewhere, BoC Dep Gov Lane is due to speak later today.

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