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Sep 03 - 01:55 PM

USD/CAD - Slides To 1-Month Low After NFP Miss Diminishes Fed Taper Talk

By Paul Spirgel  —  Sep 03 - 01:20 PM
  • USD/CAD hover near low into close, -0.31% at 1.2514, Fri range 1.2559-1.2495

  • US NFP miss diminishes Fed taper, rate normalization outlook, after weak ADP

  • Pair falls near 1-month low sub-1.25, CAD firm as BoC already on taper trail

  • USD/CAD supt 1.2476 Aug 5 low, 1.2435 lower 21d Bolli, 1.2407 dly cloud base

  • Res falling Friday high 1.2559, 10-DMA by 1.2603, Daily Kijun line at 1.2686

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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