Intraday Market Thoughts

Archived IMT (2009.04.09)

by Ashraf Laidi
Apr 9, 2009 11:43

HEADS UP! Coming up at the top of the hour Canadas unemp rate for March seen up to 7.9% from 7.7% with payrolls seen -50K following a decline of 83K. Canadian Fin Min Flaherty yesterday warned that employment will "continue to worsen". Past 4 Canadian numbers have proven negative for the loonie. USDCAD eyes 1.2440s, EURCAD rising in line with yesterdays IMT calling for 1.6480 and 1.6520 from yesterday's low of 1.6317.


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