 | |  | | USD/CAD: Holding Gains, Eyeing 1.0750
Boston, June 21.
USD/CAD is holding its gains, making a run for the recent highs in the 1.0750/52 area. The pair has had a short-covering bid for much of the session and that bid has accelerated in the wake of soft retail sales data from north of the border this morning. EUR/CAD and GBP/CAD are seeing similar demand with some now looking for a long-overdue retracement to unfold after months of USD/CAD losses. Resistance is scattered in the 1.0750/60 and 80 areas on rallies, so any move higher may take the form of a grind rather than a sprint. Bids are eyed on dips to 1.0720/25 now. |  |  |  |  |
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