Canadian CPI and option interest keep USDCAD pinned down
Double whammy playing out on USDCAD today 23 Feb
Option contracts on USDCAD: 1.2675 (USD 270m) 1.2700 (560m) but before that we have Canadian CPI data out at 13.30 GMT which has also been casting a shadow, especially after yesterday's awful retail sales reading.
USDCAD currently dipping in rapid fashion to 1.2688 having spent a lot of the session between around 1.2710
Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken
For more info on how to use this all data, please refer to my post here.
I'm out of here now so I'll wish you a good NA session and top week-end. See you all back here Monday.