USD/CAD last C$1.3203, 90 pips........>

DOLLAR-CANADA: USD/CAD last C$1.3203, 90 pips lower on the day, as the rate

comes under pressure from the broader risk on flows re: the U.S.-China trade

truce & a jump in oil prices, with WTI adding the best part of ~$3.00 in the

Asia-Pacific session after Russia & Saudi Arabia declared an extension of the

cooperation on crude supply cuts, while Oman's oil minister said he's optimistic

that OPEC+ members will agree on the need to curb production. Worth noting that

Canada's Alberta province has curbed its crude production in an unprecedented

move aimed at dealing with glut issues. 

- Meeting on the sidelines of the G20 summit on Friday, U.S., Canada, and Mexico

leaders signed off on the trilateral trade deal (USMCA). 

- USD/CAD has broken below its 21-DMA at C$1.3215, allowing bears to shift their

focus to the Nov 26 lows of C$1.3187, while a fall through that level would open

up the Nov 20 lows of C$1.3156. On the topside, bulls hope to retake the

aforementioned 21-DMA to regain the upper hand. 

- Canadian focus this week falls on the BoC MonPol decision Wednesday, with the

Canadian labour mkt report due Friday.