August 31st, 2011 12:41:34 GMT

Muted reaction to Canadian GDP

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June GDP +0.2% m/m vs May -0.3%m/m Q2 real GDP -0.1% vs Q1 +0.9% (rev from +1%) Small bounce to 0,.9790 quickly returns to pre-release levels around 0.9770

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August 30th, 2011 09:49:48 GMT

Loonie flirting with the 200 day MA

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USD/CAD having another attempt to break back up through the 200 day MA at 0.9796, having failed to close above it again yesterday. High today has been 0.9808, with resistance seen up at 0.9830/35 (Mon high 0.9833). Bids  towards 0.9755/60  

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August 29th, 2011 13:06:44 GMT

Buy Canadian But Sell CAD

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The Canadian dollar is playing catch-up with its commodity cousins today. The US consumption data is especially good for Canadian exporters and USD/CAD fell as low as 0.9747. A break below 0.9742 would point to a move back to 0.9600. … Continue reading

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