USD/CAD last trades at C$1.3222,......>

DOLLAR-CANADA: USD/CAD last trades at C$1.3222, down ~15 pips in Asia-Pac

dealing, after both sides of the pair placed at the bottom of the G10 pile on

Tuesday. 

- Oil tanked Tuesday after OPEC published its 2019 forecast for a faster decline

in demand due to a slowing world economy & increased supplies from outside the

cartel. WTI registered its biggest one-day drop in three years, weighing on CAD.

- At the same time, USD fared even worse, as the DXY ebbed back from its recent

>1-Year highs as the USD failed to garner support from the looming prospect of

striking a trade deal with China. 

- As the rate oscillates around the Sep 9 high at C$1.3226, bears eye

yesterday's lows of C$1.3215 before trying to move lower & challenge the Nov 8

low at C$1.3183. Bulls focus on yesterday's highs of C$1.3264 before targeting

the Jul 19/20 high at C$1.3290. 

- Canadian calendar is very light this week and includes m'fing sales due

tomorrow.