SPY383.63+6.93 1.84%
DIA315.24+5.66 1.83%
IXIC12,920.15+196.68 1.55%

CURRENCIES: Recent USD-CAD Moves

· 02/05/2021 04:19

09:11 AM EST, 02/05/2021 (MT Newswires) -- As of near 8.50am ET, USD-CAD popped to 1.2829 highs from near 1.2800 following the Canada data, which resulted in a much worse than expected jobs report, though a narrowed trade deficit. The pairing quickly reversed course back under 1.2800, as the U.S. data largely missed the mark, and resulted in broad USD weakness. The pairing remains inside of Thursday's range, so far finding support into the 50-day moving average at 1.2784. Thursday's 1.2845 highs marks resistance.