By Paul Spirgel — Mar 29 - 10:15 AM
$CAD steady post-PCE data+0.04% at 1.3544; Friday range 1.3562-1.3535
As-f/c Feb core PCE holds little sway in liquidity-diminished holiday trade
Pair soft post-data; pre-data bid on month-end, data fears fades
Support at Fri low 1.3535, daily base line 1.3518, 200-DMA 1.3496
Resistance 1.3555 flat 10-DMA, 1.3562 Friday high, 1.3515 Mar 22 2024 high
IRPR indicates BoC Dec 2024 rate expectations -69bp, Fed -58bp
Fed cut expectation diminished after recent hawkish Waller statements
Source:
Refinitiv IFR Research/Market Commentary