USDCAD SHORT: Divergence in employment data!
Canada's January employment change 76.0K vs 25.0K estimate.
US January non-farm payrolls +143K vs +170K expected
NFP data came in lower than expected while employment data came in stronger than expected for the CAD. Due to the result, we expected the pairs to move in opposite directions with the USD being the weaker of the two pairs.
US January non-farm payrolls +143K vs +170K expected
NFP data came in lower than expected while employment data came in stronger than expected for the CAD. Due to the result, we expected the pairs to move in opposite directions with the USD being the weaker of the two pairs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.