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Last wednesday, the canadian dollar remain unchanged. Presently, the pair USDCAD trading at 1.3147, up 0.06% on the day.



On the report release end, there is no event related to canadian or U.S. The U.S market closed for 4th of july so, the price range kept unchanged.

Today, the spot light was already set for upcoming releases from U.S like ADP non-farm payrolls, unemployment claims, Final service PMI and FOMC minutes of the july policy meeting.

The FOMC minutes could be a market mover, as a investor look for upcoming rate hikes.

Canadian government continues to expand the manufacturing sector. In june canadian manufacturing PMI improved to 57.1 this was the highest since the survey started in 2010.

The numbers are in impressive scale and given the deadlocked NAFTA and recent tariff split between canada and the united states.

Even canada yet to release the key employment numbers on friday, a strong number could seal the rate hike and boost the canadian dollar.

For FED the june hike marked the second in 2018, the impressive performance
Of the U.S economy makes strong case for four hikes.

Mr.Trump president of U.S slapping the tariffs on major US trading partners.

SYNOPSIS:

US ADP Non-farm employment change. Estimate 190k

US Unemployment claims. Estimate 231k

US ISM Non-manufacturing PMI. Estimate 58.3

US FOMC Meeting minutes.
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