USD/CAD traded at the whim of.........>

DOLLAR-CANADA: USD/CAD traded at the whim of broader risk sentiment following

the formal outlining of the latest round of U.S. tariffs on Chinese imports. The

rate last trades some 20 pips or so lower last at C$1.3025, as risk sentiment

recovered throughout the Asia-Pacific session. NAFTA remains front and centre

for CAD traders. Overnight RTRS reported comments from Canadian PM Trudeau

noting that "we are moving close to a decision point on NAFTA," Trudeau

suggested a decision "might be days or weeks away." BBG reports were a little

less optimistic, as they noted that Trudeau stated that "talks haven't yet

reached a decision point" and that "Canada's job is to stay strong on its NAFTA

positions."

- The pair continues to hold above C$1.30, which keeps the short-term outlook

neutral, albeit within a broader positive trend. Bulls initially need to recover

the 50-DMA (C$1.3080) and then the 50% retracement level (C$1.3101) to return

the focus to the upside and extend longer-term gains. Bears target the 200-DMA &

channel base support (C$1.2864/46).

- Canadian CPI & retail sales headline the CA docket this week, both due Friday.