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USDCAD Down On Latest Equity Rise

CANADA
  • The recent extension of risk-on as US equities firm further shows up in USDCAD, now -0.14% on the day at 1.2801 and back at session lows. Reuters headlines on two explosions in Kyiv appear to have little impact.
  • No immediate technicals in sight, with support next eyed at the 50-day EMA of 1.2641.
  • Little impact from risk-on move in GoCs though, if anything rallying slightly and now only up 2-2.5bps across most of the curve.

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