By Paul Spirgel — May 13 - 11:36 AM
• $CAD hovers near flat at 1.3975 into Europe close NorAm range 1.4016-1.3974
• Pair reverses early, post-CPI USD rise; Commodities keep rising aids CAD gain
• Oil up 1.84%, copper with a 2% gain, gold up 0.4% despite calmer US econ outlook
• UST yields off early NorAm lows; front-end yields near flat, long-end +3-5bp
• $CAD supt 1.3958 Tuesday low, 1.3900 psychological lvl, 1.3873 rising 10-DMA
• Res 1.4016 Tuesday high, 1.4019 the 200-DMA, 1.4083- 50%
of
1.4414-1.3751
CAD Chart:
(Paul Spirgel is a Reuters market analyst. The views expressed
are his own)
Source:
London Stock Exchange Group | Thomson Reuters
