The Canadian dollar (CAD) is listed slightly upwards against the US dollar (USD) in the session, says the head of Scotiabank FX, Shaun Osborne.
Carney will announce an increase in defense
“Friday’s employment data were not as weak as expected, but the trend in labor market data remains soft, reflecting the pressure on the domestic economy due current (from disbursements of around 1.4%) and will increase beyond that in the coming years. “
“Given the recent reports that suggest that the PM Carney is negotiating with the pres. 1.3645/50. “
“However, with the dynamics of trend still bearish for the USD in intradic, newspaper and weekly studies, the USD profit margin is limited. The losses of the USD/CAD are maintaining a decisive breakdown below the final fibonacci backward support before a complete setback to 1,3420, the minimum last September. Average area of ​​1.37.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
