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John J Hardy
John Hardy, head of FX strategy at Saxo Bank, digests the latest US employment data - plus 313k. He takes a closer look at the figures on average hourly earnings and what the report means for the Fed's decision on interest rates.
Squawk / 03 June 2016 at 8:20 GMT
Head Of Multi Asset Prop Trading / Gedik Yatırım Menkul Değerler
USDCAD remained practically muted after yesterday’s OPEC meeting failed to shed more light on the output freeze and production ceiling issue and ahead in the session, US Non-farm Payrolls will set the tone for the greenback, at least in the near term and ahead of the key FOMC meeting in June.

Technically speaking, USDCAD feels like sell on rallies around 1,3150/1,320 on weekly charts while a a close below 1,3070 on the day will put pressure on USD longs and we may see a quick drop down to 1,2970/80


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