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Forex Weekly Outlook: Investors eye RBA decision, PMIs
Canada and the UK posted negative growth, reflective of the severe economic conditions gripping the world’s major economies. There has been an improvement in the manufacturing and construction sectors, although most PMIs remain in contraction territory.
The British economy contracted in the second q
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❗️Eyes on Canada: Anticipating Employment Changes in November❗️
Canada is set to release its Labor Force Survey on Friday, with expectations of a slight increase in the Unemployment Rate to 5.8% in November from the previous month's 5.7%. Analysts anticipate a Net Change in Employment of 15,000, following the addition of 17,500 jobs in October. The Bank of Canad
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Loonie Little Changed After Canada Housing Starts
At 8:15 am ET Tuesday, Canada housing starts for July have been released. After the data, the loonie changed little against its major rivals.
The loonie was trading at 1.5657 against the euro, 79.81 against the yen, 0.9544 against the aussie and 1.3287 against the greenback around 8:20 am ET.
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