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

Thursday, April 2, 2015 7:27 AM UTC

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

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