USD/CAD shed 11 pips overnight and....>

DOLLAR-CANADA: USD/CAD shed 11 pips overnight and last deals at C$1.3286, as CAD

garnered some support from the broader risk-on theme, as the the U.S. and China

reportedly near a trade deal, while USD was limited by the impact of weekend

comments from U.S. President Trump, who said that the greenback is too strong

and criticised FOMC policy under Powell.

- As a reminder, on Sunday Huawei CFO Meng, currently detained by Ottawa, sued

the Canadian gov't for infringing her constitutional rights, while Canada began

proceedings towards her extradition to the U.S.

- Bears look to the 100-DMA at C$1.3268 and a breach of that level would open up

the Feb 22 high of C$1.3242. Conversely, bulls need to clear the 50-DMA at

C$1.3297 before challenging C$1.3319, which represents the 55-DMA.

- The Canadian docket this week is headlined by the BoC MonPol decision due

Wednesday, while domestic labour mkt data comes out on Friday. Elsewhere, BoC

Dep Gov Patterson will speak on Thursday.