Any optimism for the Canadian labor market?
Canadian Employment Rate and Unemployment Change are announced on April 9, at 15:30.
The Canadian dollar may move higher
The level of GDP for Canada is going to be released at 15:30 MT time.
As you may know, the GDP growth is the broadest measure of economic activity of a country. Last time it increased by the higher-than-expected level of 0.3%. It made the CAD bulls excited and pushed the loonie higher. If this time it happens again, we can anticipate the rise of the Canadian currency.
• If the GDP is higher than expected, the CAD will rise;
• If the GDP is lower than expected, the CAD will fall.
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What are the details of the FOMC meeting?
FOMC will share its Meeting Minutes on April 7, at 21:00 MT time.
How may purchasing managers push the USD?
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
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