• $CAD soft into Europe cls, -0.24% at 1.4401; Wednesday range 1.4484-1.4371

• Canada yield rise outpaces USTs, tariff temperature cools aids CAD rise

• Exp'd BoC -25bp holds little sway; US CPI below f/c tempered early USD rise

• BoC's Macklem: Can't say what effect on inflation a trade war would have

• Pair subject to significant headline risk as trade tensions remain heated

• $CAD Supt 1.4371 Wed low, just below daily cloud, 1.4318 rising 21-DMA

• Res 1.4465 upper 21-hour Bolli, 1.4484 daily high, 1.4529 daily cloud top

CAD Chart:

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