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USD/CAD operates slightly above.......>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD operates slightly above neutral levels, drawing mild
support from a downtick in WTI prices. The impact of yesterday's late risk-off
impulse, generated by U.S. Pres Trump's announcement of an imminent presser
about China, may have also taken some wind from the loonie's sails. The rate
last deals at C$1.3775, 11 pips better off.
- Canada's relations with China are at risk of further deterioration after
Wednesday's ruling from a Vancouver court cleared a significant obstacle in the
process of Huawei CFO Meng's extradition to the U.S.
- Bulls look to take out May 19 low of C$1.3867 before targeting C$1.3986, where
the rate peaked on May 26. Bears keep an eye on channel floor/100-DMA at
C$1.3720/19 and a break here would open up Mar 11 low of C$1.3682.
- Focus turns to Canada's quarterly & monthly GDP figures, due later today.

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