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Jan 12 - 01:55 PM

USD/CAD - Slips Amid Falling UST Yields, Mideast Related Oil Rise

By Paul Spirgel  —  Jan 12 - 11:50 AM
  • $CAD a tad soft in early NorAm, -0.11% at 1.3382; Friday range 1.3391-44

  • UST yields dip, CAD slight bid as US-CA yield diff narrow; Fed rate path lwr

  • Oil +1.5% aids CAD bid after US, allies retaliate against Houthis in Yemen

  • $CAD supt at 1.3344 Friday low, daily tenkan 1.3334, 21-DMA at 1.3319

  • Res 1.3394 Friday high, 1.3450 upper 21-d Bolli, 1.3480 200DMA

Source:
Refinitiv IFR Research/Market Commentary

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