• $CAD soft into Europe close, -0.34% at 1.3777; Tuesday range 1.3845-1.3772

• Pair eyes support at 2025 low 1.3761, ahead of Carney-Trump meeting

• Commodities soaring boosts CAD; oil +4.3%, gold +2%, copper +1.9%

• USD broadly lower after Trump talks pharma tariffs; Bessent touts upcoming deals

• Fed seen cutting 81bp , BoC -47bp by Dec rate meetings; BoC 50% cut odds for June

• $CAD supt 1.3761 2025 low May 2, 1.3741 lwr 21d Bolli 1.3702- Oct 10 2024 low

• Res 1.38 psychological lvl, 1.3832 the 10-DMA, 1.3883 falling 21-DMA

CAD Chart:


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