USD/CAD prints a fresh three-week high above 1.3370, investors await Canada/US labor market data

📆 07/07/2023 07:21:00
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USD/CAD prints a fresh three-week high above 1.3370, investors await Canada/US labor market data – by Sagar_Dua24 USDCAD BOC Fed Oil Employment

The USD Index is expected to remain volatile ahead of the release of the US NFP data.

S&P500 futures have extended their downside journey in Europe, initiated on Thursday after the United States labor market turned out more resilient than expected.is bearish as investors are extremely cautious ahead of the second-quarter result season and labor market data. Like the US Dollar, the Canadian Dollar will also react heavily to its domestic employment data. Analysts at NBF believe after a slight hiccup in May, we expect job creation to have resumed in June. But an expected gain of 20K may not be enough to prevent a further rise in the

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USD/CAD faces fragile barricades around 1.3300 ahead of US/Canada labor market reportUSD/CAD faces fragile barricades around 1.3300 ahead of US/Canada labor market report – by Sagar_Dua24 USDCAD Oil Employment RiskAversion DollarIndex
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