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Reporting on key macro data at the time of release.
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DOLLAR-CANADA: USD/CAD last C$1.3160, dealing a touch lower, but sticking to a
tight range overnight.
- CAD has garnered some strength as WTI continues to edge away from the recent
cycle lows, although the uptick has lacked any real substance thus far.
- Bears look to today's lows/Nov 9 lows of C$1.3151/41. On the upside, bulls
need a return above the C$1.3200 level to shift the outlook back in their favour
before they can target the upper Bollinger band (2%) at C$1.3243.
- Focus today falls on Canadian m'fing sales.