February 4th, 2016. The CAD is the strongest. The USD is the weakest.
The snapshot of the strongest and weakest currencies as North American traders enter for the trading day, shows the CAD is the strongest while the USD is weakest.
The greenback continues the slide started in yesterday's trading on the back of decreased expectations the Fed would raise rates again anytime soon. Technically, there were lots of breakouts for the greenback as well.
The CAD is the strongest in the snapshot, helped by the USD weakness, technical selling. Oil prices are little changed (in relative terms - it is down 0.5% actually).
The BOE kept rates unchanged with the vote moving back to unanimous. This pressured the GBP. Carney and co. are continuing their inflation report comments.
The US jobless claims and non farm productivity are due at 8:30. Below is the calendar of events.
PS. IN the excitement of the big moves in the market, let's not forget the Non Farm Payroll tomorrow. Ryan, Boris and Kathy (you know them by first name only) will be taking you through that report starting at 7:45 AM ET/12:45 GMT. You won't want to miss it. For more information and to sign up click on the link below.
