• BBDXY is little changed on the day but USDCAD is proving slower to unwind earlier gains seen amidst mixed US data but with stronger PPI inflation setting the tone on net.
• USDCAD at ~1.343 is +0.3% with CAD underperforming G10 FX on the day, not helped by little new steer from Macklem at a House committee but still with further BoC commentary from Dep Gov Beaudry later at 1755ET.
• Input price data for January follow tomorrow but main local focus will be on CPI on Tuesday, with RBC looking for a softening across headline and various core measures.
• The post data high of 1.3479 poked above the Feb 6 high to set a new level for initial resistance before a more significant 1.3521 (Jan 19 high) whilst to the downside support remains at 1.3275 (Feb 14 low).

Source: Bloomberg