CADUSD - Watching BoC chatter post-CPI
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It's interesting to see $CADUSD at 0.71775 today, especially after the latest inflation figures out of Canada. The core CPI was a bit stickier than some anticipated, which could throw a wrench into the BoC's recent dovish leaning. I'm keeping a close eye on any commentary from Macklem or other council members this week. If they start to hint at keeping rates higher for longer, we could see some short-covering, especially against a slightly weaker USD. The 0.71808 day high will be a key level to watch; a decisive break could signal some renewed strength.
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