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Thomson Reuters
Mar 05 - 06:12 AM
USD/CAD - Rises To Five-Week Top After Canola News From China
First appeared on eFXplus on Mar 05 - 03:55 AM
  • USD/CAD rise to 1.3346 (five-week high) influenced by canola shipment news
  • China blocks canola shipments from Canada's Richardson - customs document
  • See: nL3N20S20Y. Move comes amid heightened tensions between China/Canada
  • CAD has also been hurt by the resignation of a second Canadian govt minister
  • See: nL1N20R0XK. 1.3338 was USD/CAD high Monday (1.3340 was Feb high)
  • Bull targets include 1.3375 (Jan 24 high). BoC event risk Weds nL1N20R08A

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