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RBA

Upcoming Lowe Appearance Postponed

JGBS

Curve Twist Steepens, Bucking The Trend

AUSSIE BONDS

IRU1 Given

AUSSIE BONDS

Correction To XM Price In Previous Bullet

AUSSIE BONDS

No Reaction To Long Bond Tap Announcement

USD/CAD last C$1.3113, unchanged on...>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last C$1.3113, unchanged on the day, sticking to a ~20
pip range in Asia-Pac dealing.
- CAD continued to come under pressure on Wednesday, on the back of declining
oil prices as WTI hit fresh multi-month lows yet again, with crude pressured by
signals pointing towards a boost in global supply, as FT sources claimed that
Russia is planning to increase output if it can't strike a deal with Saudi & the
EIA reported a larger than exp. build in U.S. crude oil inventories. It is worth
noting that OPEC+ producers will meet this weekend, with a discussion of
potential 2019 output cuts reportedly on the agenda.
- Bulls continue to eye yesterday's highs at C$1.3159. A break above would open
up the Nov 1/Oct 31 high at C$1.3169/70. Meanwhile, bears focus on the key
C$1.3100 level, as a break below would open up the 100-DMA at C$1.3072.
- Points of note today include mid-level Canadian housing mkt data.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com