CAD consolidating after disappointing employment data - TD Securities

FXStreet (Łódź) - The TD Securities FX Research Team observe that last week’s biggest loser, the CAD, is consolidating after the disappointing employment data released on Friday.

Key quotes

"USDCAD has held to its gains following Friday's employment report and its currently trading at 1.0734."

"With market positioning in the CAD more neutral now and domestic data disappointing, the scene is set for a reversal in USDCAD’s recent weakness."