-
USD/CAD 2018 Rebound Starts to Unravel Following Mixed NFP Report
USD/CAD slips to fresh weekly lows amid the mixed set of data prints coming out of the U.S. and Canadian economy, and recent price action raises the risk for a further decline in the dollar-loonie exchange rate as it carves a fresh series of lower highs & lows. The 15.4K expansion in Canada Employment is likely to have a limited impact on the monetary policy outlook as the Bank of Canada (BoC) reverts back to a wait-and-see approach, and Governor Stephen Poloz and Co. may continue to tame expectations for an imminent rate-hike as a deeper look at the report shows the 39.3K contraction in full-time positions being ... (full story)