USD/CAD had difficulty finding its feet last week, and ended the week with modest gains. The pair closed the week at 1.3280. This week’s highlights are Manufacturing Sales and Core CPI. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.
In the US, we had some good employment news from JOLTS Job Openings but disappointing consumer confidence ahead of the big event: the all important Fed meeting coming up late this the week. Over in Canada, the BOC held rates at 0.50% and Building Permits posted a slight decline, beating expectations.
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