Canadian job data may push the CAD up
Canada will release the employment change and the unemployment rate on October 9, at 15:30 MT time.
Greenback stands tall after sturdy American jobs underpin Fed tightening plans
On Monday, the US currency was on solid footing after a bigger-than-expected soar in American jobs suggested the Fed would stick with its tightening plans for the rest of 2017.
American job surge soared more than expected in June, while employers added hours for workers, suggesting the major US bank could stick to its plan for its third interest rate lift this year and start reducing its balance sheet notwithstanding sluggish wage hikes and tepid inflation.
Versus the Japanese yen, the greenback soared 0.2% being worth 114.16, having notched a peak of 114.21, which is its loftiest level since May 11.
The dollar index, gauging the greenback versus a currency basket, didn’t change, keeping to 96.012.
On Friday, the Bank of Japan sought to keep Japanese government bond yields close to its policy objective, performing a special market operation and also lifting the size of its regular JGB purchase operations.
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Keep an eye on US inflation data
The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
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