A break has been taken after an impressive three -day rally in which the currency rose about 2%. In the European session, USD/CAD is quoted at 1,4148, 0.39%more. On Thursday, the Canadian dollar touched 140.26, its strongest level since December.
Non -agricultural payrolls. UU. It is expected to immerse
The best financial news is, understandably, the wave of sale in capital markets, but today there are also some key economic releases. The United States and Canada will publish the March Employment Report later today.
The United States published, with the markets projecting a gain of 135 thousand after a gain of 151 thousand in February. This would point to the cooling of the US labor market. UU. At a gradual pace, which adapts well to the Federal Reserve. The Fed will also monitor the growth of wages, which are expected to work lower than 3.9% and/and from 4.0%. It is expected to stay at 4.1%.
The labor scene is uncertain, with the layoffs of Dune and newly announced tariffs are expected to cushion salary growth in the coming months.
Canada is expected to improve slightly to 12 thousand, after an insignificant gain of 1.1 thousand in February. It has been stubbornly tall and is expected to a 6.7% from 6.6%.
Canada promises retaliation rates against us
The tariff bomb of the president of the United States, Donald Trump, on Wednesday did not impose new tariffs on Canada, but commercial tensions continue to increase between the two allies. Canada said it would reflect the position of the United States and impose a 25% tariff in all vehicles imported from the USA that do not comply with the Free Trade Agreement of Us -xicodaline of Canada. The United States has promised to respond to any new tariff against the United States, which could mean an exchange of tariffs between Canada and the United States.
US Technician
- USD/CAD has pushed over the resistance to 1,4088 and 141.26. The next resistance line is 1,4170
- 1,4044 and 1,4006 are the next support levels
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