By Paul Spirgel — Dec 27 - 09:35 AM
$CAD a tad soft into NorAm, -0.04% at 1.44; Friday range 1.4415-1.4375
Wider U.S.-CA yield spreads keep USD near 2024 highs (see LSEG's IRPR)
Commods mixed, oil +1%, metals softer tempers CAD decline
For 2025 STIR futs indicate Fed at 4.12%, BoC 2.66% by Dec 2025 meetings
Focus in early 2025 on Trump tariffs which may put 1.45, even 1.50 in focus
Supt 1.4375 Fri low, 1.4349 daily Tenkan line, 1.4280-50% of 1.4094-1.4466
Res 1.4421 Dec 26 high, 1.4466 2024 high on Dec 19, 1.4521 upper 21-d Bolli
Source:
London Stock Exchange Group | Thomson Reuters