By Paul Spirgel — Sep 10 - 12:05 PM
$CAD firm in early NY, +0.34% at 1.3604; Tuesday range 1.3615-1.3557
Soft commodities in absence of CA/US data weighs on CAD; oil -3%, copper -1%
Wednesday's U.S. CPI in focus for clues at pace of Fed easing
LSEG's IRPR indicates 31% odds for -25bp Fed in Sept; -114bp by Dec meeting
BoC seen cutting in Oct, -62bp by YE 2024, in addition to 50bp cuts already
Res 1.3615 Tues high, 1.3648 daily base line, 1.3693 50% of 1.3946-1.3441
Supt 1.3587 200-DMA, 1.3557 Tuesday daily low, 1.3526 rising 10-DMA
Source:
Refinitiv IFR Research/Market Commentary