FX Update- USD/CAD
USD/CAD remains supported by softer oil prices, and fallout from the softer Canadian GDP data released earlier. This said, the pairing has not been able to make much headway over the 1.0250 region, as noted exporter offers remain in place. More of the same is expected up to the 1.0270-80 region, though above there, buy-stops are now said to be building, ans a test of 1.0300 could be in the cards on a move over 1.0280.