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USD/CAD moved above C$1.3000 as.......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD moved above C$1.3000 as Canadian foreign min. Freeland
left a meeting with U.S. TR Lighthizer after only several minutes overnight,
noting that the 2 teams will reconvene in the morning. Reports suggest that
issues surrounding Chapter 19 of the NAFTA agreement continue to provide the
major stumbling blocks in the discussions.
- USD/CAD hit a high of C$1.3023 on the move, last C$1.3012, with resistance
noted at the 76.4% retracement of the move from C$1.3103-C$1.2888 (C$1.3052),
while support is seen at the 100-DMA (C$1.3006).
- NAFTA discussions will headline on Friday, with a soft deadline in place at
the close of business tonight, although the formal law-making deadline seemingly
stretches out through September.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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