Weekend reports pointed to the........>

DOLLAR-CANADA: Weekend reports pointed to the possibility of a bilateral deal

between the U.S. & Mexico in the early part of this week, which would then bring

Canada to the negotiating table, which was supplemented by positive rhetoric

from Mexican policymakers & U.S. President Trump.

- USD/CAD legged lower on the broader USD weakness to touch a low of C$1.3007

overnight, but last trades back at ~C$1.3020 after the greenback regained a

degree of poise.

- From a technical perspective bears have the momentum following Friday's fall,

which has taken the attention away from channel resistance and put it firmly on

up trendline support from the February low and 100-DMA at (C$1.2992). A break

above C$1.3160 is needed to turn the outlook bullish and would likely confirm a

bull flag formation, accelerating gains.

- Canadian GDP & Current A/c data headlines the domestic docket this week