The dollar was choppy today and started the day lower but remains sub 92.00, whilst holding above the 91.60 support level in wake of a weak initial jobless claims print yet again this week at 411k, a similar pace to last week. CAD was a underperformer despite a partial recovery in Canadian manufacturing sales and failed to benefit from a later recovery bid in oil prices, with USD/CAD rising a fair bit into the 4pm BST London fix.
For now, further upside to be expected on USD/CAD heading into tomorrows session.
For now, further upside to be expected on USD/CAD heading into tomorrows session.