USD/CAD last deals at C$1.3172........>

DOLLAR-CANADA: USD/CAD last deals at C$1.3172 after edging 10 pips higher

Monday. 

- The pair advanced initially, twice hitting session highs at C$1.3202, but

eased off subsequently, as CAD followed the gyrations in WTI prices. 

- DXY extended its recent losing streak into the beginning of the week as the

greenback suffered from a tech-driven tumble in U.S. stocks, which occurred on

the back of renewed global trade worries & reports of Apple cutting orders for

three iPhone models, but this failed to drag the rate into the red, as high beta

FX struggled. 

- Bulls need to jump back onto the C$1.32 handle to reaffirm the bull flag

formation before challenging yesterday's highs. On the downside, the

21-DMA/yesterday's low at C$1.3144/42 poses initial bearish target. A move

through this figure would give a chance to challenge the Nov 16 lows of

C$1.3127. 

- Canadian focus this week falls on domestic CPI & retail sales figures due

Friday. Meanwhile, BoC's Wilkins will speak twice today.