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USDCAD Rebounds Off 3-month Low; Looks Oversold

USDCAD has declined considerably after touching the 1.3700 round number, losing more than 3%. During Thursday’s trading session, it posted an almost three-month low of 1.3260, while it is currently not far above that nadir. The negatively aligned...

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US ISM services jumped to 55.2, corresponds to 1.8% annualized GDP growth

US ISM Services PMI rose from 49.6 to 55.2 in January, well above expectation of 50.4. Looking at some details, business activity/production rose from...