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USD/CAD seeing lumpy sales from Locals

By   || July 1, 2009 at 12:47 GMT
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Canadian banks out of London have been heavy sellers of USD/CAD this morning, coming in around the 1.1550 level and again toward 1.1500. Markets may be a bit thinner than normal with Toronto closed for Canada Day. Maybe its just national fervor...

Bids are coming intoward 1.1480, traders report.

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