Flash: USD/CAD in focus with busy calandar– TD Securities

FXstreet.com (London) - It’s day one on the job for Poloz today and research teams at TD Securities say that with month-end out of the way, markets can get back to the issue at hand.

US data releases are in focus and TD Securities explains that the market will wonder whether these numbers will support indications from the Fed (reiterated again this morning by San Francisco Fed President Williams) that QE could be reduced later this summer There is a lot of data on tap for Canada and the US this week, culminating in the employment reports for both countries. Their teams say that today, the focus will fall on the ISM data after last week’s robust Chicago PMI result suggested upside risks to the data. Stronger US data should be USD-supportive.