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USD/CAD met headwind around 1.2280 after vaulting 1.2272

  • 1.2280 was Apr 15 low (post-BoC). More bids at 1.2290 & 1.23

  • 1.2272 was pre-weekend rally high from 1.2088 (Friday's 3mth low)

  • Large 1.2250 option expiry today. Size of strike estimated at USD 740mn

  • WTI oil USD 56.25/barrel, Oliver budget 2000GMT 

 

  • Market Data
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