Canada’s Ivey purchasing managers’ index was 56.9 in November on a seasonally adjusted basis, following an October reading of 51.2, according to a statement on the website of Western University’s business school. Readings of more than 50 indicate purchasing by governments and companies advanced.
I don't know if anyone will read this, but can someone tell me why shortly after this "good currency" news the CAD and USD became bearish immediately and to a severe degree (180 pips in 3 hours!).
How does this make any sense? Is this one of those smart money set-ups?