By Paul Spirgel — Sep 05 - 11:40 AM
$CAD off highs into Europe cls, +0.2% at 1.3620; Tues range 1.3669-1.3590
USD haven bid on back of low China, EZ growth expectations boosts USD
Bullish crosses intact as short-term DMAs remain above longer-term DMAs
CAD traders look past CA yields incremental rise of USTs, higher commods
Res by Apr 2022 high 1.3668, holds, further res 1.3716 upper 21-w Bolli
Support Tues low 1.3590, 10-DMA 1.3569, 21-DMA 1.3529
Futures price near 40% odds for 1-more BoC hike, Fed near 50% for Nov hike
Source:
Refinitiv IFR Research/Market Commentary