Wednesday afternoon saw comments......>

DOLLAR-CANADA: Wednesday afternoon saw comments from Mexican EcoMin Guajardo, as

he noted that he believes that there is a "high chance" of a U.S.-Canada trade

deal. This allowed USD/CAD to fall to C$1.2981, despite RTRS source reports

suggesting that the best possible outcome is a deal in principle next week, as

the commodity linked FX space was supported by upbeat headlines surrounding

U.S.-China trade talks. Firmer oil prices also aided CAD on Weds.

- Overnight remarks from Canadian ForMin Freeland show that she will not return

to discussions with U.S. TR Lighthizer until Canadian & U.S. off'ls have

conducted further work which leaves USD/CAD at C$1.3015 last.

- A rise back above the 50-DMA (C$1.3085) is needed to return the focus to the

upside and keep the bigger picture positive trend intact. The close below the

21-DMA has allowed bears to target the 200-DMA and channel base support at

(C$1.2860/46).