By Paul Spirgel — Mar 26 - 11:53 AM
• $CAD soft into Europe close, -0.23% at 1.4244; Wednesday range 1.4297-36
• Pair dips to 4-week low amid softer Trump-tariff rhetoric
• Canada yield rise outpacing UST yield rise aid CAD gain
• Commods bid aids CAD rise; oil +1.3%, copper +0.7% on less-dour growth view
• LSEG's IRPR- Fed, BoC on hold until June; Fed -62bp, BoC -41bp by Dec meets
• $CAD supt 1.4233 falling lwr 21-d Bolli, 1.4148- 61.8% Fib of 1.3750-1.4792
• Res 1.4297 Wednesday high, 1.4326 falling 10-DMA, 1.4369 daily cloud base
CAD Chart:
(Paul Spirgel is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters
