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USD/CAD trades at C$1.3241 at.........>

DOLLAR-CANADA
DOLLAR-CANADA: USD/CAD trades at C$1.3241 at writing, a touch off of yesterday's
highs, as it finished 40 pips higher on the day. 
- The pair initially edged lower in yesterday's dealing as Saudi Arabia
announced it would cut its crude exports in December and OPEC+ discussed
limiting output in 2019 over the weekend. 
- The rate then jumped after U.S. President Trump criticised OPEC & Saudi Arabia
for their plans to curb supply. Following the President's comments, WTI closed
nearly 2% lower, setting fresh multi-month lows below $60/barrel. 
- The rate sits around the 76.4% fibo of the move from C$1.3386 to C$1.2783 at
C$1.3244. Bulls look to retake yesterday's high at C$1.3250 before challenging
the Jul 19/Jul 20 highs of C$1.3290, while bears initially eye yesterday's low
at C$1.3183. 
- The Canadian docket is very thin this week and includes m'fing sales on
Thursday.

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