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Nov 27 - 01:55 PM

USD/CAD - Eyes Key Fib Support At 1.3998 As Trump Tariff Bid Ebbs

By Paul Spirgel  —  Nov 27 - 11:55 AM
  • $CAD soft into Europe close, -0.26% at 1.4019; Wednesday range 1.4077-17

  • U.S. data mostly in-court, durables a tad soft weighs on USD

  • More likely traders prune longs ahead of U.S. Thanksgiving Day holiday

  • Trump tariff-related USD bid ebbs as mkts expect measured policy

  • Mixed commodities, oil lower, copper a tad high overlooked

  • LSEG's IRPR shows Fed at 3.98% by Dec 2025, BoC 2.77%

  • Widening US-CA rate view may temper further CAD gains

  • $CAD supt 1.4011 the 10-DMA, 1.4010 Wed low, 1.3998 50% of 1.3818-1.4178

  • Res falling 10-HMA 1.4045, Wednesday high 1.4077, 1.4090 upper 21-d Bollli

Source:
London Stock Exchange Group | Thomson Reuters

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