March 9, 2016. The CAD is the strongest. The EUR is the weakest
After leading the leagues yesterday with an impressive bullish performance, the EUR has given back some of the gains and is the weakest currency of the day.
Against the USD, the EUR is down about 0.52% (it rose about 1.67%). It has fallen the most against the CAD (-1.21%). Yesterday it rose nearly 2.5% on the day. The CAD's rise vs. the EUR was mimicked against the other currencies and it is the strongest currency for the day. Crude oil has traded higher today - and traded at the highest level of the year, but remember we do have Canada employment today at 8:30 AM ET.
The expectation are as follows:
- Unemployment rates is expected to remain at 7.2%.
- The Net change in employment is expected to rise by 10K vs -5.7K last month.
- Last month full time employment rose 5.6K while part time fell 11.3K.
- The participation rates is expected to fall slightly to 65.8% from 65.9%.
European stocks have rebounded nicely as well with the Eurostoxx up 2.94% and Dax up 3%. European bond yield are drifting back down after rising yesterday.
Below are the ranges and changes of the major currency pairs.
