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