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Nov 11 - 01:55 PM

USD/CAD - Hovers Near Recent Highs Amid Widening US-CA Rate Spreads

By Paul Spirgel  —  Nov 11 - 11:45 AM
  • $CAD holds slight gain into Europe cls, +0.2% at 1.3920; NY range 1.3950-19

  • Rate spreads key driver, liquidity light Veterans & Remembrance Day holidays

  • Trump trades intact, UST futures and commodities lower weighs on CAD

  • $CAD res 1.3950 Mon high, 1.3959 2024 high on Nov 1, 1.3976 upper 21-d Bolli

  • Supt 1.3888 daily conversion line, 1.3862 the 21-DMA, 1.3813 the Oct 24 low

Source:
Refinitiv IFR Research/Market Commentary

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