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Aug 04 - 01:55 PM

USD/CAD - Steady Amid Broad USD Weakness Ahead Of Friday's US Payroll Data

By Paul Spirgel  —  Aug 04 - 11:35 AM
  • USD/CAD +0.1% at 1.2853 into Europe close, Thursday's range 1.2876-1.2819

  • CAD range slight relative to EUR, JPY strength; GBP weakness after BoE +50bp

  • CAD trader await US payroll data Friday for hints at near-term Fed rate path

  • $CAD holds by 10/55DMA by 1.2853; offered a tad abv daily cloud top (1.2874)

  • Closes sub-1.2871, 50% of 1.2518-1.3224 favor declines

  • Pair finds supt by Thurs low 1.2819, 100-DMA 1.2782, daily cloud base 1.2769

Source:
Refinitiv IFR Research/Market Commentary

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