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Sep 23 - 01:55 PM

USD/CAD - Slides Toward August Lows After Mixed US Flash PMIs

By Paul Spirgel  —  Sep 23 - 11:40 AM
  • $CAD soft in early Norm, -0.56% at 1.3495; Monday range 1.3582-1.3572

  • U.S. flash Mfg PMI sub-f/c, svcs light beat weighs on USD despite yield rise

  • Copper and oil trade either side of flat; gold to new all-time-high

  • UST yield rise outpaces CA yield rise shrugged off for now

  • $CAD slips to 3-wk low 1.3494, eyes 5 Sept. Low 1.3467, Aug 26 low 1.3441

  • Res falling 30-DMA 1.3529, 1.3582 Monday high, 1.3589 200-DMA

Source:
Refinitiv IFR Research/Market Commentary

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