USD/CAD slumps to three-month low on oil and US dollar weakness

Discussion in 'Technical Analysis' started by ForexLive, Mar 4, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    USD/CAD down 68 pips to 1.3336 The US dollar is under a broad assault after soft wage growth numbers undermined a strong jobs report. The US economy added 242,000 jobs in the month but hourly earnings fell 0.1% compared to a 0.2% rise expected. After a quick dollar rally, it's unwound and has come under increasing pressure.

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