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