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USD/CAD last trades flat at...........>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD last trades flat at C$1.3473 after closing 26 pips higher
yesterday.
- The pair declined through yesterday's Asia-Pac session, extending Monday
losses registered on the back of firmer WTI & comments from BoC Gov Poloz who
struck an optimistic note re: Canadian housing market.
- However, after a failed attempt to breach C$1.3410 in reaction to the latest
RBA MonPol decision, USD/CAD moved away from lows, as investors turned focus to
the escalating Sino-U.S. trade war.
- London & NY hours saw the rate advance further, as Sino-U.S. conflict
continued to drag WTI lower, which allowed USD/CAD to close 26 pips higher on
the day after peaking just shy of C$1.3490.
- A lift through C$1.3500 would allow bulls to set their sights on the Apr 24
high of C$1.3521, a level not seen since early January. Meanwhile, bears look to
the 100-HMA & 200-HMA, located at C$1.3457 & C$1.3450 respectively.
- Canadian labour market report comes out on Friday, alongside domestic building
permits.

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