<ul><li>G-7 Finance Ministers meeting in Banff, Alta, begins tomorrow.</li><li>Wall Street reacts calmly to Moody’s downgrade of US debt to Aa1 from Aaa, while US dollar shows slight weakness.</li><li>USDCAD dropped due to US dollar selling pressure after Moody’s downgrade of US debt rating.</li><li>Markets shrugged off US debt downgrade, ASX 200 climbed 0.58%, Hang Seng jumped 1.49%. European stocks in green, S&P 500 futures down. EURUSD traded in a 1.1218–1.1278 range overnight.</li></ul>

USD / CAD - Canadian dollar is directionless

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