Usd/cad... 1.2695 ... The loonie weakened to as low as 1.2703 as risk aversion returned after the release of much-weaker-than expected trade balance data (-$7.5 billion vs the consensus forecast of -$4.85 billion and the first deficit deficit since 1999). Bids in usd/cad fm brokerage houses and st specs are now building up in the region of 1.2640-1.2680 with stops emerging below 1.2600 n further out at 1.2550. On the upside, offers are lined up at 1.2730 up to 1.2770 with stops placed at 1.2800 barrier.
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