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Feb 28 - 01:55 PM

USD/CAD - Trickles Lower After Upbeat Canada GDP; Trump Tariffs Still In Focus

By Paul Spirgel  —  Feb 28 - 11:44 AM

• $CAD a tad soft into Europe cls, -0.11% at 1.4418; Friday range 1.4452-1.44

• Pair supported at 1.44 at London fix; Trump tariffs remain key focus

• U.S. core PCE price data shrugged off; upbeat CA Q4 GDP aids CAD rise

• LSEG's IRPR pricing 60% odds for March 12 BoC cut; Fed seen holding til June

• $CAD supt 1.44 Friday low, 1.4391 daily cloud top, 1.4299 the 21-DMA

• Res 1.4452 Fri high, 1.4472 50% Fib of 1.4792-1.4151, 1.4500 Psychological lvl

CAD Chart:


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

Source:
London Stock Exchange Group | Thomson Reuters

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