• $CADsoft in early NorAm, -0.31% at 1.3541; Monday range 1.3607-1.3540

• USD broadly on backfoot amid heightened Mideast tensions; commod CCYs lead higher vs USD

• Fear of escalation of conflict drawing in U.S. sinks USTs, USD; equities recouping Friday slide

• Traders prepare for slew of c.bank meets; BoJ Jun 17, Fed Jun 18, BoE Jun 19; pressers awaited

• Commodities glbl growth-frindly into NorAm, oil -1.6%, copper flat, gold -0.6% as haven bid ebbs

• CAD net spec short continues to unwind, position at warly-April lows; still the largest USD net long

• $CAD res 1.3607 Monday high, 1.3654 falling 10-DMA, 1.3778 50% Fib of 1.4016-1.3540

• Supt 1.3540 Monday fresh 2025 low, 1.3531 falling lower 21-d Bolli, 1.3422 the 200-WMA

CAD Chart:


(Paul Spirgel is a Reuters market analyst. The views expressed are his own)