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May 14 - 11:55 AM
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USD/CAD - Wider US-CA Yield Spreads Keep USD/CAD Bid Intact
By The views — May 14 - 09:56 AM
• U.S. export/import prices run hot, following CPI & PPI
• Keeping the USD bid intact
• Oil holding triple digits is also adding to dollar recovery
• USD/CAD eyes a move toward the 200DMAs layered at 1.3790/1.3813
• US-CA rate differentials widening in USD's favour
• For now, the topside bias is firmly in play
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Justin McQueen is a Reuters market analyst. (The views expressed
are his own).
((Email: ))
Source:
London Stock Exchange Group | Thomson Reuters