USD/CAD last trades at C$1.3227,......>

DOLLAR-CANADA: USD/CAD last trades at C$1.3227, off of session highs at C$1.3245

& 9 pips lower on the day, as Fed Vice Chairman Clarida's comments followed the

relatively dovish pattern displayed by much of the recent Fedspeak. With USD at

the bottom of the G10 pile, CAD comes as the second worst performer, as oil

prices moved a touch lower. 

- Yesterday, the rate added 27 pips, closing higher on the day for the first

time in 2019, as CAD was initially pressured by slightly softer oil prices,

whose subsequent uptick failed to offset the impact of Fed Chair Powell's

comments, which aided USD, as risk assets rallied. Markets apparently shrugged

off the release of strong Canadian building permits data. 

- Initial downside focus falls on yesterday's low/lower Bollinger band (1%) at

C$1.3202/01 and a fall below would bring the 100-DMA at C$1.3182 into view.

Conversely, bulls target yesterday's peak at C$1.3259 before trying to breach

the cloud top at C$1.3275. 

- Canadian docket for Friday is virtually empty, while inflation data, due next

Friday, headlines next week's calendar.