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Daily Market Outlook

The following events are the most relevant for today:

The Canadian Dollar (CAD)

  • Employment Change
  • Unemployment Rate

Both reports coming out today tend to have a strong impact on the CAD, the expectation that not as many jobs have been created this month and the little to no change on the unemployment side could create a scenario that will send the CAD in a bearish trend. To top it all off, both reports are coming out at the breaking in of New York session which most likely will create high volatility for the Canadian Dollar.

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