By Paul Spirgel — Jul 28 - 11:45 AM
USD/CAD steady into Europe cls, +0.11% at 1.2837; Thurs range 1.2869-1.2795
Pair consolidating below 55-DMA at 1.2855, key Fib 1.2871
Risk tipped lower after less-hawkish Fed; BoC rate path higher than Fed
Oil rise, US GDP miss possibly sending US into recession boosts CAD
$CAD support at lwr 21-dBolli/100-DMA by 1.2776, 200-DMA 1.2721
Res falling 10-DMA 1.2894, Jul 25 high 1.2945, Daily Kijun line 1.3009
Canada, U.S. inflation in focus for potential shifts in c.bank rate paths
Source:
Refinitiv IFR Research/Market Commentary