By Paul Spirgel — Apr 27 - 11:50 AM
USD/CAD soft into Europe cls, -0.23% at 1.3607; Thurs range 1.3645-1.3593
Risk rallying, equities up; recent UST haven bid unwinding yields higher
Pair shrugs off weakening commods, oil flat, copper -0.2%; CA yields rise
$CAD supt at Thurs low 1.3593, daily cloud base 1.3562, rising 10-DMA 1.3503
Res 1.3643 upper 21-d Bolli, 1.3650 Wed high, 1.3695 Mar 28 high
Fed exp'd to hike 25bp May 3, end of hike cycle may weigh on $CAD
Source:
Refinitiv IFR Research/Market Commentary