USD/CAD - Eyes Post-CPI Low At 1.3590 As Traders Await Canada CPI Tuesday

$CAD drifts lower in NorAm trading, -0.11% at 1.3605; Friday range 1.3644-02UST front-end soft, soft US leading index stirs USD sellingLeading IDX hardly tier 1 data but hints US econ slowing may pull cuts fwdCommods higher, oil +0.4%, copper +3% aids commod-centric CAD gainUpcoming CA CPI in focus for clues at near-term BoC policy path$CAD supt 1.3590 May 15 low, daily cloud base 1.3577, 200-DMA 1.3568Res 55-DMa at 1.3622, Friday high 1.3644, falling 10-DMA 1.3661CAD Chart: Click here

May 20, 2024 - 16:00
USD/CAD - Eyes Post-CPI Low At 1.3590 As Traders Await Canada CPI Tuesday

AMAZON.CA DEALS

AMAZON.CA DEALS

  • $CAD drifts lower in NorAm trading, -0.11% at 1.3605; Friday range 1.3644-02

  • UST front-end soft, soft US leading index stirs USD selling

  • Leading IDX hardly tier 1 data but hints US econ slowing may pull cuts fwd

  • Commods higher, oil +0.4%, copper +3% aids commod-centric CAD gain

  • Upcoming CA CPI in focus for clues at near-term BoC policy path

  • $CAD supt 1.3590 May 15 low, daily cloud base 1.3577, 200-DMA 1.3568

  • Res 55-DMa at 1.3622, Friday high 1.3644, falling 10-DMA 1.3661

CAD Chart: Click here

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