FX Action: USD-CAD has nudged back above 1.3300
FX Action: USD-CAD has nudged back above 1.3300, posting a high so far of 1.3309 and nearing last Thursday's 10-day high at 1.3319. The high extended a rebound from the six-day low printed on Tuesday at 1.3226, which was seen as the Canadian Dollar and its Dollar bloc brethren found support on news that China is implementing tax cuts and other measures to stimulate its economy. Flagging equity markets have seen the Canadian and other dollar bloc currencies come under some pressure, despite, in the Canadian buck's case, oil prices scaling seven-week highs. Canada's calendar picks up tomorrow with manufacturing shipment values and wholesale shipment values. USD-CAD has support at 1.3228-50.