Canadian dollar shakes off soft employment report, hits session high. Key on CAD/JPY
Summary
By sueyangfx.com February 05, 2021 at 02:57PM USD/CAD falls to the lows of the day but CAD/JPY is breaking out USD/CAD is now 50 pips below the spike high on the soft Canadian jobs report. The market is increasingly focused […]
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February 05, 2021 at 02:57PM
USD/CAD falls to the lows of the day but CAD/JPY is breaking out
USD/CAD is now 50 pips below the spike high on the soft Canadian jobs report.
The market is increasingly focused on the prospects for US stimulus and ignoring near-term headwinds around pandemic job losses.