Take this one with a huge grain of salt, but traders say the recent revival of CAD strength is a result of rumors that Canadian employment data has leaked and that it is strong.
It is probably a complete fabrication, but it is better to know and dismiss the rumor than not to know it at all, is my motto.
Economists expect Canada to 25,000 jobs when the data is announced tomorrow.
We trade at 1.0025 down from 1.0104 earlier this morning.
