By Paul Spirgel — Mar 10 - 11:35 AM
USD/CAD -0.3% at 1.3785 into Europe close, Friday range 1.3861-1.3765
CAD a tad firm after U.S. wages, unemp rate hint at less hawkish policy path
UST yields significantly lower on hawkish Fed hike path rethink
Canada jobs data sees wages rise, emp abv f/c, unemp rate steady at 5%
US-CA rates converging IRPR on Eikon shows Fed +50bp for Mar 22 down to 40%
Res 1.3853 upper 21d Bolli, 1.3861 Fri pre-NFP 2023 high, 1.3898 Oct 14 high
Supt 1.3765 Friday low, 1.3745 100-HMA, 1.3679 rising 10-DMA
10-DM has trailed price since mid-Fed, cls below shifts momentum to bears
Source:
Refinitiv IFR Research/Market Commentary