Intraday Market Thoughts

Archived IMT (2009.03.12)

by Ashraf Laidi
Mar 12, 2009 17:20

Tomorrow's CANADIAN JOBS REPORT could be a fresh opportunity to sell CAD i.e. which coudl potentiall drive USDCAD towards 1.2990s. Consensus forecas expects Canadian Feb payrolls to fall by only 50K after a decline of 129, and a rise in the jobless rate to 7.4% from 7.2%. Risk for larger than expected decline in jobs and renewed CAD selling vs JPY, USD and AUD.


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