Xe Market Analysis: Canadian Loonie Gets Wings After Strong Jobs Report Card

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OVERVIEW

  • The CAD moves above 0.7500 handle with the unemployment rate at its lowest level since 1976
  • The Dollar Index trading flat as the market continues to digest non-farm payroll data: +155k versus an estimate of 198k. 
  • Sterling is trading with negative bias ahead of key vote in Parliament.
  • NYMEX WTI Crude advances $2.50 today after news broke that OPEC has agreed on a larger-than-expected production output cut.

HIGHLIGHT