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100 pip swing in USD/CAD around time of fixing; Asian buyer on dips

By Jamie Coleman  || October 31, 2008 at 12:38 GMT
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USD/CAD has been insanely volatile for days with liquidity hampered by the end of the Canadian banks fiscal year today. The buck dipped briefly below 1.2100 in the run up to and in the wake of the fixing but dealers note Chinese bids just below the 1.2100 level. maybe they will provide a line in the sand for the greenback.

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