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Jul 14 - 01:55 PM

USD/CAD - Rallies To New 2022 High Amid Diverging Fed-BoE Rate Expectations

By Paul Spirgel  —  Jul 14 - 11:35 AM
  • USD/CAD off NorAm high 1.3224, -1.43% at 1.3157; Thurs range 1.3224-1.3117

  • US PPI rise lifts Fed hike expectations, even abv hawkish BoC, lifts USD

  • US-CA rate divergence the story; Fed +100 in Jul; +75 in Sept

  • Supt at upper 21d Bolli 1.3098, daily Tenkan at 1.3031, 21-DMA 1.2956

  • Res 1.3187 upper 21-hr Bolli, 1.3224 Thursday high, 1.3370 Nov 20 '20 high caps

Source:
Refinitiv IFR Research/Market Commentary

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