• $CAD slow drift higher continues, +0.15% at 1.3834; Wednesday range 1.3839-1.3804

• Diminishing Mideast conflict angst and diverging Fed-BoC rate expectations lift USD

• Long-term US, CA yields are a touch lower; LSEG's IRPR shows US-CA ST rates converging

• Per IRPR, Fed seen hiking 17bp by Dec meeting, BoC +34bp down from abv 50bp 2-wks ago

• $CAD res 1.3839 Wednesday high, 1.3857 rising upper 21-d Bolli, 1.39 psychological lvl

• Supt 1.3804 Wed low, 1.3777 daily cloud top, 1.3723 flat 100-DMA

CAD Chart:


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