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USD/CAD last trades at C$1.2985.......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last trades at C$1.2985 remaining relatively calm in the
early part of the Asia-Pacific session.
- Despite starting Monday's session poorly, CAD rallied hard on the release of
the Bank of Canada's strong business outlook survey, which highlighted many
firms mentioning capacity constraints and a near record level of labour
shortages (it is worth noting that survey was conducted ahead of the USMCA
ratification), which allowed USD/CAD to register a low of C$1.2955.
- On the technical front, USD/CAD fell back below its 50-DMA & C$1.3000, which
turned attention to the key 200-DMA (C$1.2890), with bears initially targeting
the Oct 10 low (1.2927).
- Factors to watch this week include Canadian CPI & retail sales on Friday.

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