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Weekend remarks from Governor Poloz...>

DOLLAR-CANADA
DOLLAR-CANADA: Weekend remarks from Governor Poloz that said the BoC has a 1 to
3% range for inflation and does not mechanically raise interest rates when
inflation goes above 2% target, saw Usd/Cad squeeze to C$1.2770 in early
Wellington trade. But the pair soon faded as consolidation largely remained the
theme in a somewhat quiet Asia session to hold either side of C$1.2760. UBS in
their macro economic look ahead highlighted to buy Usd/Cad as one of the best
value trades this week (cheap optionality, swaps higher, Poloz). A break of
C$1.28 opens a move toward C$1.2819/27 (Apr 9 high/50% C$1.3125-1.2528). Usd/Cad
last C$1.2756.   

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