Here is what you need to know on Monday, October 14: Major currency pairs trade near the previous week's closing levels to start the new week.The New York Stock Exchange and the Nasdaq Stock Market will be open in normal hours on Monday but bond markets will be closed in observance of the Columbus Day holiday. During the American trading hours, Minneapolis Federal Reserve President Neel Kashkari and Federal Reserve Governor Christopher Waller will be delivering speeches.
After declining with the immediate reaction to the upbeat Canadian labor market data, USD/CAD regained its traction and closed the eighth consecutive trading day in positive territory on Friday. The pair holds its ground early Monday and edges higher toward 1.3800. Canadian markets will remain closed in observance of the Thanksgiving Day on Monday. On Tuesday, the Canadian economic calendar will feature September inflation data.
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