USDCAD Technical Analysis – A better than feared NFP boosted the USD ...Middle East

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USDCAD Technical Analysis – A better than feared NFP boosted the USD
source : forex live ( Middle East ) () 65
Fundamental OverviewThe USD last week came under some more pressure as a series of soft US data pushed Treasury yields lower. The NFP report on Friday wasn’t bad though, on the contrary, the data under the hood was better than the prior month. That helped the greenback to erase the weekly losses.Nevertheless, the trend in the labour market continues to remain skewed to the downside and time will tell if the Fed’s cuts will be enough to stop this trend.The probabilities for the Fed to cut by 50 bps at the upcoming meeting dropped to 27% following the NFP report with a total of 110 bps of easing expected by year-end. For the BoC, the market sees a 99% probability of no change at the upcoming m

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