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May 29 - 01:55 PM

USD/CAD - Regains 1.37 As Canada Bond Yields Lag UST Rise

By Paul Spirgel  —  May 29 - 11:35 AM
  • $CAD firm into Europe close, +0.44% at 1.3706; Wednesday range 1.3714-1.3644

  • UST yield rise boosts USD, 5-30 year treasuries +5-8bp; CA bond rise lags

  • Commodities soft, oil -0.50%; copper -0.1% no help for CAD longs

  • IRPR indicates BoC -15bp in June, -26bp by July, -50bp by Dec 11 BoC meeting

  • Fed cuts seen slower, -13bp by Sept, -19bp by Nov, -33bp by Dec 18 Fed meet

  • Friday's US inflation data in focus for clues to near-term Fed policy path

  • Res 1.3714 Wed high, 1.3718 50% of 1.3847-1.3590, 1.3747 upper 21-d Bolli

  • Supt 1.3658 rising 10-DMA, 1.3644 Wednesday low, 1.3574 100/200-DMAs

Source:
Refinitiv IFR Research/Market Commentary

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