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Limited Reaction To BoC Minutes With FOMC Eyed

CANADA
  • GoCs rally 1bp but it’s in line with Treasuries paring earlier losses ahead of the FOMC following shortly at 1400ET.
  • USDCAD holds near session highs at 1.3238, just shy of resistance at 1.3243 (Jul 18 high) after which lies the 50-day EMA at 1.3294 required to highlight a possible short-term reversal away from the bear trigger at 1.3093 (Jul 14 low).

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