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USD/CAD stuck to a tight range........>

DOLLAR-CANADA: USD/CAD stuck to a tight range post-BOC as the Bank left rates
unch. as exp., but signalled a greater confidence in the need for higher
interest rates ahead. BOC Deputy Gov. Wilkins will follow up on the Bank's
thought process later today. 
- Elsewhere focus remains on NAFTA rhetoric, with the latest round of
U.S.-Canada talks continuing deep into the night. Positive rhetoric continues to
surround the deal, although there has been no concrete advances offered up as of
yet. U.S. President Trump suggested that there will be an outcome within days.
- USD/CAD is in the process of consolidating its upside break above the
mid-August highs, with the focus now turning to the July 20 high (C$1.3290).
Bears need a break below C$1.2900 to re-establish the downtrend.
- Canadian labour market data, due Friday, provides the economic highlight over
the next couple of sessions.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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