USDCAD has breached 1.2900 after......>

DOLLAR-CANADA: USDCAD has breached 1.2900 after the Washington Post ran a story

suggesting that US President Trump is planning to offer Canada & Mexico a

temporary exemption from new tariffs on steel and aluminum imports. The WP noted

that the proposal, which is expected to be unveiled Thursday, would give Canada

and Mexico a 30-day exemption from the tariffs, the officials said. The

exemptions could be extended based on progress in renegotiating the North

American Free Trade Agreement.

- This followed earlier reports suggesting that a tariff carve out was possible

for Canada & Mexico.

- Hourly support for USDCAD sits at 1.2890, followed by $1.2854/62 which

represent the 38.2% Fibo of the 1.2615-1.3002 move and the Mar 6 low

respectively.