USD/CAD jumped in early Asia-Pac......>

DOLLAR-CANADA: USD/CAD jumped in early Asia-Pac trade as WTI slipped to the

worst level since late 2001, per continuation chart (but see an earlier OIL

bullet for caveats re: oil price reporting). The loonie is the weakest performer

in the G10 basket, with USD/CAD trading +45 pips at C$1.4045.

- The topside focus is on C$1.4183, the high of Apr 16. Above there would open

up the scope for gains towards the Apr 6 high of C$1.4262. Bears look for a

retreat under the psychological C$1.4000 barrier, towards Apr 13 low of

C$1.3856. A break here is needed to see the return of bearish impetus.

- Canadian PM Trudeau said that his country has agreed with the U.S. to extend

restrictions at their shared border for 30 days. Elsewhere, he noted that Canada

will increase scrutiny of foreign investment in companies supplying health

products and essential items during the coronavirus crisis.

- Canadian highlights this week include wholesale trade sales (today), retail

sales (Tuesday) and CPI (Wednesday).