December 7, 2022

Forex Solution

Learn To Trade Forex

USD/CAD slips below 1.25 ahead of Canadian jobs data

1 min read

Locked and loaded for Canadian employment data

Locked and loaded for Canadian employment data

It’s jobs Friday with Canadian bacon on the menu.

This is a big employment report because it represents a few provinces that reopened in June and comes ahead of next Wednesday’s BOC meeting. A true taper is on the table but Macklem hasn’t offered much in terms of guiding how large it will be.

A strong jobs report could accelerate the timeline to end government bond purchases and USD/CAD at 1.25 will give them some breathing room on the currency.

The consensus today is for 195K jobs and unemployment down to 7.7% from 8.2%.

USD/CAD was last down 41 pips to 1.2491.

Invest in yourself. See our forex education hub.




Source link

Copyright © All rights reserved. | Newsphere by AF themes.