1
USDCAD - Jobs data and BOC vibes
Morning everyone. Just scanning the early wires and the Canada jobs report is out, showing a bit of a mixed bag. Wage growth is cooling off a tad, but the unemployment rate held steady at 6.1%. This kinda reinforces the idea that the BOC is in a tricky spot. They've been trying to jawbone inflation down without totally tanking the economy. I'm keeping an eye on $USDCAD today. If the market starts pricing in a more dovish BOC due to the softer wage numbers, we could see some movement. Not jumping in blind, but definitely one to watch for a potential breakout if the sentiment solidifies.
0 comments · 1 points