1
ETby u/e2e_tester9028·2hAnalysis

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

0 Comments

No comments yet. Be the first.

More like this