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Apr 21 - 08:55 AM

USD/CAD - Six Month Low Trades On Threat To Fed's Independence

By Christopher Romano  —  Apr 21 - 07:28 AM

• WH econ advisor Hassett said Friday Trump & his team studying whether Fed's Powell can be fired

• Investors reacted by selling US related assets; US 10-yr yields

rallied & US$ fell sharply

• Gold hit a new all-time high & stocks fell while USD/CNH dropped to 7.2835

• USD/CAD traded 1.3834-1.3781, hit a 6-month low, NY opened near 1.3815, down -0.21%

• Techs are bearish; RSIs falling, pair trades below the 23.6% Fib of the 1.2007-1.4792 rally

• US MArch leading index report, comments from Fed's Goolsbee are risks in NY
usdcad


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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