USD/CAD last sits at C$1.3464, a......>

DOLLAR-CANADA: USD/CAD last sits at C$1.3464, a touch higher on the day. A rally

through this week's high of C$1.3494, hit on Wednesday, would open up C$1.3521,

which hosts both the upper Bollinger band (2%) and the Apr 24 high. Bears need a

dip below the 21-DMA at C$1.3446 before challenging the 50-DMA & 55-DMA, which

cross today at C$1.3393.

- The rate slid in yesterday's European morning, halting just above C$1.3400, as

oil prices rose on the back of reports stating that Saudi Arabia accused Iran of

orchestrating an attack on its oil facilities earlier this week. 

- However, USD/CAD advanced through the rest of the day, as USD regained poise,

although firmer crude oil might have capped overall gains to a degree.

- The BoC released its Financial Stability Report yesterday, noting that system

risks have increased slightly over the past year, while "fragile" corporate debt

has emerged as a new source of vulnerability.

- Elsewhere, China confirmed arresting the two Canadian citizens, who were

detained in December, soon after the arrest of Huawei CFO Meng in Canada, which

triggered a crisis in Sino-Canadian relations.