USD/CAD firms into Europe close +0.17% at 1.2842; Fri range 1.2845-1.2777

CAD bulls shrug off oil rise, early risk rally reversed; USTs, stox hit

Global recovery remains at risk owing to high inflation, USD, UST havens bid

$CAD tether to 21-DMA (1.2864) intact, cls abv targets 10-DMA by 1.2918

USD bulls lose vigor, bears gain momentum below 1.2768, 50% of 1.2450-1.3077

Below 50% Fib 55-DMA at 1.2709, daily cloud top 1.2652 in sharper focus

Risk tumult aside, US, CA rate outlooks similar, both show +190bp to YE 2022