• $CAD sinks to 4-month low, -0.42% at 1.4020; Thurs range 1.4110-1.3997

• U.S. CPI below-f/c surprise adds to USD slide

• Canada 90-day tariff reprieve stirs short unwind; pair shrugs off oil -4%

• Move lower tempered by rising China tariffs, potential hit to global growth

• BoC -25bp odds on Apr 16 move lower was 62% now 38%; Fed on hold in May

• $CAD supt 1.3997 Thurs low, 1.3984 lower 21-wk Bolli, 1.3928 Nov 29 wkly low

• Res 1.4071 falling lwr 21-d Bolli, 1.4110 Thursday high, 1.4206 daily Tenkan line

CAD Chart:

(Paul Spirgel is a Reuters market analyst. The views expressed are his own)