Canadian Dollar markets swamped out by NFP release.
Canada has limited data releases on the scope.
US data broadly softened, fanning the flames of recession fears.
The Canadian Dollar (CAD) was tossed around on Friday as global markets roiled following a broad downside miss in US labor and wages figures released early in the US trading session. US Nonfarm Payrolls (NFP), wages, and unemployment figures all missed forecasts, raising investor concerns that the US may be headed for a “hard landing” scenario in the coming months.
Canada has little of note slated for immediate release on the economic calendar, leaving CAD traders adrift until next Friday’s Canadian labor data. As markets roil under deflating US economic figures, market flows should be expected to continue tossing the CAD around as traders scramble to adjust their exposure.
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