USDCAD extends gains through the......>

DOLLAR-CANADA: USDCAD extends gains through the high of the day, led by the

broad base bid into the USD on the back of Trade concerns and U.S. Senate

passing a bill supporting Hong Kong protesters. 

-Doesn't bode well for Trade and future relations? 

*Worth noting, that investors are also eyeing potential Rate cuts at the next

BoC meeting on 04/12. Although, the odd of a cut is only seen at 25%, and the

most likelihood will be for the BoC to wait on the Fed meting on the 11/12. 

-The CB has talk about Trade war risk to their Economic outlook multiple times. 

*As such, if if get nothing concrete by the end of the month with, London NATO

Summit on the 3rd-4th Dec and Tariffs on the 15th only around the corner. 

-Market participant might consider that a move in Rates in under priced. 

*Next decent resistance is seen at that 1.3345-1.3348 double top.