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Trading Canada employment data on Friday - BofA
Bank of America Global Research discusses its expectations for USD/CAD around tomorrow's Canada jobs report for the month of January.
"The upcoming Canada employment data would likely be in focus, given lack of US NFP data this Friday and the BoC has become data dependent. We find over the past two years, the CAD/USD exchange rate has had a strongly positive correlation with Canada employment data surprises," BofA notes.
"Our economists and consensus forecast both look for C... Read More
Posted: Feb 9 2023, 20:50
Author Name: forexlive
Views: 122429