USDCAD buyers press 1.4080 after 320-pip rally
USDCAD gained about 320 pips from 1.3760 to 1.4080, testing a key resistance level.
PBOC set the yuan central rate at 6.7459 per dollar versus a 6.6989 forecast, the strongest since February 3, 2023.
The People's Bank of China sets the currency's reference rate, around which the yuan may move within a range of plus or minus 2%.
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USDCAD gained about 320 pips from 1.3760 to 1.4080, testing a key resistance level.
Euro slid to its lowest since July as Iran deal hopes faded, while WTI rose and the dollar firmed.
ANZ and Credit Agricole see near-term dollar support from rate repricing, but caution that upside may be capped.
USDJPY tests the 61.8% retracement at 157.536 after buyers defended the 50% midpoint, with key resistance at 157.90-158.04.