By Paul Spirgel — Mar 22 - 12:15 PM
USD/CAD firm into Europe close +0.08% at 1.2605; Tues range 1.2623-1.2573
Commodities dip weighs on CAD, USD firm amid rising UST rates
Rates not all good for USD, late 2023 cut view tempers USD rise 0#ED:
BoC seen keeping pace w/Fed +192bp by Dec meets BOCWATCHFEDWATCH
$CAD support 1.2573, Tues low, then lower 21-d Bolli at 1.2561
Close abv 200-DMA 1.2611 dents bearish structure, though bears in control
USD bulls gain control above 1.2722, 50% Fib of 1.2872-1.2573
CAD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary