USD/CAD moved 9 pips lower and last...>

DOLLAR-CANADA: USD/CAD moved 9 pips lower and last sits at C$1.3499 as the

greenback struggles and WTI registers modest gains. 

- Yesterday, the rate advanced 25 pips, breaching the C$1.3500 level for the

first time since June 2017. USD fared rather badly, but a steady slip in oil

prices dragged CAD lower, with WTI touching a fresh multi-month low at one

point. 

- Worth noting ADP Research Institute said yesterday that Canada added 39,100

jobs in Nov, which exceeds the revised Oct gains of 1,800. 

- Initial support is located at yesterday's low of C$1.3447, followed by the Dec

19 low of C$1.3416. On the topside, initial focus falls on C$1.3530, where the

rate peaked yesterday, and a break above would open up the 1.618% swing from

C$1.3445 to C$1.3254 at C$1.3463. 

- Canada awaits the release of its GDP and retail sales, as well as the BoC

business outlook survey later today.