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USD/CAD: Divergent jobs figures underpin pair – TD Securities
1.40 is where TD Securities analysts expect USD/CAD to remain supported. They see the Canadian Dollar (CAD) facing pressure against the Dollar.
1.40 support for USD/CAD as jobs data diverge
"For investors looking to chase USD upside, we see USDCAD more supported at 1.40 on the back of diverging jobs data."
"Across global major currencies, we see room for the USD to rally selectively against CAD and KRW in the near-term. Diverging employment data releases will likely keep USDCAD supported above 1.40. Rising unemployment rate amid falling wage growth rate in Canada also reduces the market pricing of a December BoC rate hike relative to the Fed."
(An editor reviewed this article, which was produced with the help of an Artificial Intelligence tool. Learn more.)
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