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European Open: USD/CAD Holds Steady Ahead of NFP and CA Employment

It may be debatable as to how much of an impact NFP will have on markets, given it follows the FOMC meeting. But it places USD/CAD into focus alongside Canada’s employment report.

USD/CAD: All eyes on 1.40 heading into a data-heavy week

Markets are off to a bit of a groggy start to the month of February, with most global equity markets trading lower and the US dollar seeing mixed performance its major rivals. Oil, the world’s most important market (at least for the moment), is seeing a drop of its own, with WTI trading off nearly 4% on the day.

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