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Nov 15 - 11:55 AM

USD/CAD - Series Of Higher Highs Continues Amid Fed Cut Uncertainty

By Paul Spirgel  —  Nov 15 - 09:40 AM
  • $CAD +0.05% at 1.4068 in early NorAm, Friday range 1.4073-34

  • $CAD streak of new 2024 highs continues albeit at slow pace

  • Powell in no hurry to continue cutting; CPI hints inflation may be sticky

  • Possible USD long accumulation running out of steam as CAD short eyes ATH

  • Commodities oil (-1% ) and copper (-0.54%) adds to CAD weakness

  • $CAD res 1.4073 Friday 2024 high, 1.4100 psychological lvl

  • Supt 1.4043 Friday low, 1.3989 Thursday low, 1.3942 rising 10-DMA

Source:
Refinitiv IFR Research/Market Commentary

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