Usd to cad history: USD/CAD

The ‘big’ dollar has been well bid in early trading on a strong non-farm payroll (NFP) headline print (+196k vs. +172k). It’s the ideal report for supporting risky assets – strong hiring, combined with muted wage growth (average hourly earnings +0.1% m/m vs +0.2e). There is nothing in today’s report to suggest the U.S labor market is rolling over nor is there anything to suggest that inflation could pick up at a pace that pushes the Fed to rethink its dot plan.

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