USD/CAD looking good above 1.08 handle - TD Securities

FXStreet (Guatemala) - Shaun Osbourne, Chief FX Strategist at TD Securities awaits the outcome of Friday’s data for Canada around employment, but 1.08 is a positive place for the bulls to be in with USD/CAD.

Key Quotes

"The USD’s positive response to yesterday’s housing data and rebound in longer-term yields helped drive USD/CAD a little more decisively higher after all the volatility in spot that surrounded the restatement of the Canadian employment data Friday. We think the gains in funds over the past few days from the upper 1.08 area is very encouraging for USD/CAD bulls."