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Canada: Manufacturing Shipments contracted 3.1% MoM in December

Canadian manufacturing sales have contracted 3.1% during December, below the median at -0.8% and markedly lower than November’s expansion at 1.9%.

Forex Flash: 10-year US Treasuries maintain sideways movement – RBS

According to Analyst John Biggs at RBS, “We continue to see a near-term 1.70% to 2.10% range in 10-year US Treasuries. Key support remains 2.06-2.10% in 10yrs, and first resistance is 1.90%-1.93%. We recommend to watch for ascending bear channel lines (1.93% in 10s and 3.10% in bonds) – breaks through could extend the rally while a close above 2.10% in 10s opens up 2.30%.”
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Forex: USD/CAD climbs to highs around 1.0045/50

The Canadian dollar has quickly depreciated against the greenback on Friday, pushing the cross to levels in the boundaries of 1.0050 after the Canadian shipments contracted 3.1% during December, below...
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