By Paul Spirgel — May 02 - 10:40 AM
$CAD soft in early NorAm, -0.2% at 1.3710; Thursday range 1.3737-05
Post-Fed CAD strength intact; Fed cut odds rise as Powell shrugs off hike
LSEG's IRPR touts 68% odds for Sept cut, Nov near-100% priced in IRPR
BoC: There's a limit to how far US and Canada rates can diverge
BoC's Macklem: Bank could start cutting rates before inflation rate hits 2%
$CAD supt at 1.3705 Wed/Thur lows, 1.3696 10-DMA, 1.3663 daily base line
Res 1.3737 Thurs high, 1.3755 upper 21-d Bolli, 1.3847 Apr 16 2024 high caps
Source:
Refinitiv IFR Research/Market Commentary