(Action Economics) - 30-Apr-12 17:37 - USD-CAD rallied to highs near 0.9865 from 0.9830 after the weak Canadian GDP report, and cooler prices data.

The pairing had found good buyers ahead of 0.9800 overnight from corporate and options interest, though quickly squeezed out some weaker shorts.

Buy-stops were noted at 0.9870-80, and were eventually tripped in late morning trade, as the pairing reached highs of 0.9894.

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