CAD: Canada reports January trade and February IVEY PMI - BBH

Research Team at BBH, suggests that the Canada reports January trade and February IVEY PMI, but these will be overshadowed by the US jobs data and reaction.

Key Quotes

“The US dollar has found support in the CAD1.3370-CAD1.3385 area. Resistance is seen near CAD1.3500. The Australian dollar is the best major performing currency this week, advancing 3.5%. It is edging closer to $0.7400 today despite the slightly disappointing retail sales report (January 0.3% gain vs. consensus of 0.4%). It has not been above $0.7400 since last August.”