Canadian Dollar climbs across board despite Canadian PMI miss.
Canada data remains thin on economic calendar until Friday’s labor data.
Markets are gearing up for Friday’s US NFP print with preview data.
The Canadian Dollar (CAD) recovered ground on Tuesday after CAD traders shrugged off a slight misfire from Canadian Purchasing Managers Index (PMI) figures. Market sentiment is broadly picking up steam and carrying the Canadian Dollar into recovery mode.
Canada saw a flat print in S&P Global Manufacturing PMI figures in June, and US JOLTS Job Opening in May ticked even higher, soothing market jitters that had frayed investor sentiment around the edges on Monday.
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