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USD/CAD last deals at C$1.3177, 20....>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last deals at C$1.3177, 20 pips lower on the day, mostly
on the back of broader USD weakness. The greenback has come under pressure today
as Tsy yields moved lower, curve inversion remained in play with 10-Year Tsy
yield crossing below its 200-DMA for the first time since 2017. 
- Meanwhile, oil extended yesterday's gains, with WTI trading $0.40 higher on
the day at writing. 
- Bears continue to eye yesterday's low at C$1.3160 and a break below that level
would open up the Nov 19 low at C$1.3142. Bulls focus on the 21-DMA at C$1.3218
looking to a break above, which would allow them to target yesterday's high/50%
fibo retracement of the move from C$1.3333 to C$1.3202 at C$1.3268. 
- BoC is set to release its MonPol decision Wednesday (the rate is expected to
stay at 1.75%). Also in the Canadian docket this week is labour market report
due Friday.

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