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.
Japanese yen soars on tensions in Korean peninsula
On Wednesday, the evergreen buck weakened versus the Japanese yen on worries about growing tensions between America and North Korea while the Canadian dollar was firm after the nation's key bank chief supported an interest rate lift.
The US dollar lost 0.3% during early trade, fetching 112.95 yen and drifting away from Monday's 1-1/2-month peak of 113.48.
The Japanese yen tends to be bought back following global uncertainty as Japanese investors might dare to repatriate their foreign investment notwithstanding Japan’s proximity to North Korea.
On Wednesday, Pyongyang announced it had successfully tested a newly developed intercontinental ballistic missile, capable of carrying a large and heavy nuclear warhead, thus triggering an immediate call by Washington for global action to hold the isolated regime accountable for its ongoing pursuit of nuclear weapons.
As for the Canadian dollar, it held firm enough, showing C$1.2934 per dollar, having reached a 10-month peak of C$1.2912 to the greenback on Tuesday.
Similar
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.
Latest news
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
Deposit with your local payment systems
