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Forex Flash: Chinese data boosts CAD - TD Securities

FXstreet.com (Barcelona) - They begin by noting that the overnight focus was on Chinese data, where robust import figures suggest domestic demand remains strong and it has boosted commodity currencies including the CAD.

On the charts, they see that USD/CAD has remained under pressure since the post-employment bump higher on Friday. They write, “The bear trend since the beginning of March is still intact, which means a further drift lower is more likely without a significant catalyst. The mid 1.01 area has been sticky so far this week, but a slide below there could see a retest of 1.01 intraday. For us, anything below 1.01 is a buying opportunity. A positive catalyst (see FOMC potential) would look to resistance at 1.02 initially.”

Forex Flash: North Korean missile test could be conducted today – Deutsche Bank

In Korea, tensions remain high on the peninsula after reports that a missile test could be conducted by the North as early as today. Pyongyang is believed to have finished preparations for a mid-range missile launch, after it moved two Musudan missiles to its east coast last week by rail.
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Forex Flash: EUR crosses maintain neutrality – UBS

UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.
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