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USDCAD Tilts Higher And GoCs Outperform After Mfg Sales Flash

  • Another weak June flash, this time for manufacturing sales, sees GoCs with some modest outperformance to Tsys (yields 1-2bp higher with 10s leading the sell-off vs +2-2.5bps for Tsys).
  • USDCAD meanwhile edged to a session high of 1.3194 but only to the middle of yesterday’s range.

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