Friday, October 16, 2026

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USD/CAD Drop to 1.2578 spurred by US ADP jobs data miss & oil price surge

Close to half-yard 1.26 option expiry for NY cut is helping to anchor USD/CAD 1.2630 = rally high from 1.2578 (Wednesday low). 1.2588 = subsequent low WTI oil 49.65/barrel, 0.9% lower on day after 5.2% rise Weds Canada M…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  •  Close to half-yard 1.26 option expiry for NY cut is helping to anchor USD/CAD

  • 1.2630 = rally high from 1.2578 (Wednesday low). 1.2588 = subsequent low

  • WTI oil 49.65/barrel, 0.9% lower on day after 5.2% rise Weds

  • Canada Mar trade data due 1230GMT. Raft of US data in pipeline too

  • US Mar NFP data due Good Friday, 245k f/c. Canada Mar jobs data Apr 10 

 

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By FxWirePro Team