Friday, October 16, 2026

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Loonie shrugs off Canadian Mfg sales miss

Canadian Mfg sales, -2.1% plus March downward revision, NY Fed Mfg index soft Neither data print likely to impact monetary policy north/south USD/CAD rebounded from Noram low of 1.2335, 48 paid Didn't last long, 34 given…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Canadian Mfg sales, -2.1% plus March downward revision, NY Fed Mfg index soft

  • Neither data print likely to impact monetary policy north/south

  • USD/CAD rebounded from Noram low of 1.2335, 48 paid

  • Didn't last long, 34 given, base of 5 min Ichi cloud 1.2335

  • Oil prices still under pressure, USD should find a bid

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By FxWirePro Team