By Paul Spirgel — Jun 21 - 10:15 AM
USD/CAD soft into Europe cls -0.42% at 1.2925; Tuesday range 1.2983-1.2907
CA ret sales beat nSCLLHEI2P, oil, copper rally lifts commod-centric CAD
BoC, Fed on similar hike paths to Dec meetings favors CAD strength
Golden crosses hint at further USD strength, 10DMA abv 200/100/21-DMAs
$CAD supt at rising 10-DMA 1.2866, daily cloud top 1.2832
Res 1.2982 Tues high, Monday high 1.3044, 2022 high 1.3079 caps
U.S., Canada inflation key; June 30 U.S. Core PCE data in focus
CAD Chart: Click here
Source:
Refinitiv IFR Research/Market Commentary