USD/CAD has rallied near a cent since this time yesterday as falling oil prices and broad USD strength push the pair higher.

Last at 1.1345.

Hedge funds and real money are said to be on the offer at 1.1365 with corporates selling at 1.1370. Larger-sized sellers at 1.1385/90 and more at 1.1400/10.

There are some bids down at 1.1270 and 1.1290. There are also much larger option expiries on the downside rather than the upside on Thurs/Fri.

The Canadian dollar is also under some pressure on the crosses. GBP/CAD stops are rumored above 1.7825 (last at 1.7787).