The Canadian dollar was unchanged this week, as USD/CAD closed just above the 1.31 line. There are only 3 events this week, highlighted by Manufacturing Sales. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD.
Solid Canadian employment and manufacturing numbers helped the loonie hold its own last week. In the US, In the US, NFP was slightly below expectations, which means the guessing game about the timing of rate hike by the Fed will continue.
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