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Watching CAD after latest employment data
The recent Canadian employment data came in hotter than expected, and I'm seeing $CADUSD move to 0.7174 now. This keeps CAD on my watchlist, specifically to see if the USD strength we've seen on the $USDX 25.49 chart starts to falter against the Canadian dollar, especially if the BoC narrative leans more hawkish.
1 comments · 1 points
That's interesting. I've been watching CAD too, but mostly focused on how oil prices impact it. Do you think the employment data could decouple it from oil's influence a bit?