(Action Economics) - 10-Jan-12 17:37 - Improved risk appetite saw USD-CAD fade steadily through the London morning session, basing under 1.0165, after closing the North American session near 1.0230 on Monday.

Talk of option backed bids at 1.0150 was heard, while corporate bids were noted building at 1.0100.

The pairing ultimately held the 1.0150 level, and rebounded over 1.0180, as equities and oil prices gave back a chunk of their gains.

Traded volumes were reportedly light, as was the case elsewhere in the FX market, and offers seen at 1.0200 capped gains into the close.

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