USD/CAD last deals at C$1.3355........>

DOLLAR-CANADA: USD/CAD last deals at C$1.3355 after dropping 40 pips Wednesday.

The rate gyrated around the C$1.3380 before slipping to session lows at C$1.3323

following the NY open. However, it halved earlier losses thereafter, as the

weekly EIA crude inventory report indicated a far smaller than exp. decline in

U.S. crude inventories amidst worries that OPEC+ supply cut plans may be

insufficient to tackle glut issues, with comments from Iran re: OPEC infighting

at last week's meeting briefly sending WTI below $51/barrel later in the day. 

- Worth noting that an unnamed Canadian in China cannot be contacted, following

on from the detention of one ex-Canadian diplomat in China. 

- Initial support is located at yesterday' lows of C$1.3323 and a fall through

that level would open up the Dec 10 low at C$1.3293. Meanwhile, bulls look for a

break above C$1.3398, where the rate peaked yesterday, ahead of challenging the

Dec 11 high at C$1.3424. 

- Canadian calendar towards the end of this week is light, but domestic CPI, GDP

and retail sales figures are due next week.