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Forex pairs in this Article » USD/CAD (Barcelona) - Camilla Sutton and Eric Theoret of Scotiabank note that CAD is flat and trading within a relatively narrow range ahead of the North American session.

They see that congestion for USDCAD remains centred around the 50 day MA (0.9940), as intraday movement is driven by headline risk emanating from US fiscal negotiations. They feel that movement in CAD will continue to be driven by external factors in the absence of domestic data ahead of next Friday's employment release.
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